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*Problem 4-17 (Part Level Submission) Fleet Valley Shoes produces two the Nx100 (a shoe aimed at competitive runners) and the Mx100 (a shoe aimed at fitness buffs). Sales and costs for the most recent year are indicated: Nx100 Mx100 Sales (pairs) 21,000 79,700 Sales $2,902,000 $8,837,000 Variable costs (749,800) (1,178,000) Contribution margin 7,659,000 2,152,200 (20,300) (1,476,000) Fixed costs $2,131,900 $6,183,000 Profit Assembly time per pair 3 hours 2 hours Profit per assembly hour $33.84 $38.79 CM per assembly hour $34.16 $48.05 (a) MY Your answer is correct Suppose the company has 203,000 assembly hours available. Further, management believes that at least 3,200 pairs of each model must be produced so that the company has a presence in both market segments. How many pairs of each model should be produced in the coming year? NX100 Mx100 Number of pairs to be produced 3200 96700 Attempts: 1 of 3 used (b) EK Your answer is incorrect. Try again. Suppose management decides that at least 5,130 pairs of each model must be produced. What is the opportunity cost of this decision versus requiring only 3,200 pairs? (Round contribution margin per unit to 2 decimal places, e.g. 15.25 and final answer to 0 decimal places, e.g. 125.) opportunity cost 149729