Sheridan Company manufactures and sells two products. Relevant per-unit data concerning each product follow: Product Basic Deluxe Selling price $40.00 $52.00 Variable costs $18.00 $27.50 Machine hours 0.50 0.70 Calculate the contribution margin per machine hour for each product. Basic Deluxe Contribution margin per machine hour $ $ eTextbook and Media Question Part Score If 1,000 additional machine hours are available, which product should Sheridan manufacture? Prepare an analysis showing the total contribution margin if 1,000 additional hours are: (1) Divided equally between the products. $ Basic Deluxe Total contribution margin $ (2) Allocated entirely to the product identified in part (b).