Q2: CHANNEL CO. produces and sells 3 types smart phones on the same machine. The financial information about the smart phones are as follows: PHONE - 1 PHONE - 2 PHONE -3 Unit Selling Price ($/unit) 4.000 5.000 6.000 Unit Variable Cost ($/unit) 2.000 2.750 3.500 Machine Capacity Usage Per Smart Phone (machine 16 20 hours) Maximum Demand 500 1.000 800 Quantity 25 REQUIRED: According to Total Fixed Cost is $2.187.500 and the annual capacity of machine hours are 30.500 hours, determine a) Optimum product mix b) Maximum profit c) Break Even Point in units and $ at the optimum product mix