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Health Kick cereal company manufactures breakfast cereals. n response to consumer demand, the company wants n order to do this the company will have to separate the production of to begin producing gluten-free cereals gluten-free cereals from other cereals As part of the production process, finished cereal must be loaded into the appropri sized bags utilizing a kaging machine. With the cost of packaging machines at an all time high, and in light of the fact that the machine used for packagin gluten-free cereal cannot be used for any other product, the company is only illing to commit one packaging machine to be used in the gluten-free cereals. Based upon current union negotiation, the company is only allowed to run each packaging machine for a total of 12 hours daily this 43,200 seconds of processing time daily The total daily fixed cost of the provides a total of gluten-free cereal production is 3,000 Marketing research indicates customers demanding gluten-free cereal will purchase boxes in the following sizes a 10 ounce box; a 20 ounce box; and a 40 ounce box. Research also indicates that the company can sell as many boxes as it can manufacture in a day. Since the marketing information did not indicate whether customers prefer more of one bag size over another, the company plans to maximize production time of the dedicated packaging machine, utilizing all available 43,200 machine seconds each day, which will create a bottleneck in the packaging process. Using the information above and the additonal data below, complete assignments number 1-5 below. Additional Data: 10oz bag 20oz bag 40oz bag Unit selling price 10 18 Unit variable cost 13 Unit contribution margin Packaging machine seconds per bag 10 ince the unit contribution margin per bag produced is highest for the 40 oz bag, the company plans to go with the following level of daily production: Budgeted daily production of bags 200 4,020 400 what is the total daily income from operationsthe company will earn on gluten-free cereal if they manufacture the planned quantity of bags per day for each size? 10oz bag 20oz bag 40oz bag Total Revenue Variable costs Contribution margin Fixed Cost Daily income from operations