PER UNIT Deluxe Regular Sales price $990 $560 Costs Direct materials 290 100 Direct labour 86 88 Variable manufacturing overhead 174 87 Total variable costs 550 275 Total fixed costs are $100,000 which are all unavoidable. Each deluxe model takes 2.5 hours to produce, and each regular model takes 1.5 hours to produce. Fit Time has 2,000 machine hours available. Required: 1. What is the optimal product mix? What is the expected total CM at this optimal product mix? 2. Assume demand for the Regular model is limited to 800 units Deluxe model is limited to 600 units. What is the optimal product mix? What is the expected total CM at this optimal product mix