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Sheridan company features manufactures and sells 2 products Relevant per unit data concerning each product follow. Selling price $ 4 2 / basic , $

Sheridan company features manufactures and sells 2 products Relevant per unit data concerning each product follow. Selling price $42/ basic , $55/ Deluxe: varible costs $24/basic, $29.4/Deluxe: Machine hours 0.5/ Basic, 0.8/ Deluxe Calculate total contribution margin if the additional 1,040 hours are:
(1) Divided equally between the products.
\table[[,Basic,,Deluxe,,Total],[,,$,$,$,]]
(2) Allocated entirely to the product identified above.
\table[[,Basic,Deluxe,Total],[Contribution margin,$,$,$
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