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* please show work. I don't know why my answer isn't correct. Thank You Exercise 10-9 Sales mix determination and analysis LO A1 Colt Company

image text in transcribedimage text in transcribed* please show work. I don't know why my answer isn't correct. Thank You

Exercise 10-9 Sales mix determination and analysis LO A1 Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is three units per hour and for Product MTV is five units per hour. The machine's capacity is 2,300 hours per year. Both products are sold to a single customer who has agreed to buy all of the company's output up to a maximum of 3,910 units of Product TLX and 5,395 units of Product MTV. Selling prices and variable costs per unit to produce the products follow. Product TLX $14.00 Product MTV $8.40 5.04 $s per unit Selling price per unit Variable costs per unit 4.20 Determine the company's most profitable sales mix and the contribution margin that results from that sales mix. (Round cost per unit answers to 2 decimal places.) Answer is complete but not entirely correct. Product MTV Product TLX 9.80 $3.36 5 29.40 16.80 Contribution margin per unit Units produced per hour Contribution margin per production hour 3 Product MTV Total Product TLX 3,910 1,303 5,395 Maximum number of units to be sold 1,079 Hours required to produce maximum units 2,382 Product MTV For Most Profitable Sales Mix Product TLX Total Hours dedicated to the production of each 8 roduct Produce most profitable units until the market demand has been satisfied Units produced for most profitable sales mix Contribution margin per unit otal contribution margin 3,910 3,295 9.80 $ 38,318 $ 3.36 11,071 49,389

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