Omega Company reported the following information for the company's two products Selling price per unit variable cost per unit Product X $130 58 Product $120 54 Assume that 78,800 machine hours are available: product X takes four machine hours to produce, and product Y takes two machine hours to produce. The company can sell all it can make of either product . Which of the following statements is true? Multiple Choice Both products provide the same total proft. Product should be produced because more of it can be produced Product X should be produced because it provides a greater contribution margin. Product Y should be produced because it will produce greater total profit