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Sheridan Productions Limited manufactures and sells three different products of different qualities. They are referred to as: Normal, High, and Superior. The accounting department provides

Sheridan Productions Limited manufactures and sells three different products of different qualities. They are referred to as: Normal, High, and Superior. The accounting department provides the following information on these products:NormalHighSuperiorSelling price per unit$30.00$40.00$51.00Variable costs per unit$25.50$34.00$48.00Contribution margin per unit$4.50$6.00$3.00Machine hours required0.020.040.08Determine the contribution margin per machine hour. (Round answers to 2 decimal places, e.g.15.25.)Contribution MarginNormal$per machine hourHighper machine hourSuperior$per machine hourIf the limited resource can be increased by 400 hours, calculate the maximum increase in contribution margin.Assume that Sheridan can sell all products manufactured.

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