Supplementary question - Product Mix The Cookwell Company normally produces three models of cooking range (ovens) for home usage known as the low-end Clean Heat, mid-range EcoHeat and the premium model, PyroClean model. Due to a planned maintenance at the factory over the next month, the company will have a limit of 820 machine hours on their main assembly lines however the company wants to maximize profitability over this period. The following information is known about their normal production usage of labour hours: $168 $56.00 34000 SA Variable price Contributie margin SP-WC Machine Mode Monthly Demand for could be 0.15 Answer: a) During the next month while machine hours are limited, calculate the quantities of each oven model the company should produce over the next month to maximize profit. b) What other factors should be considered before ONLY considering profit in the short term when dealing with long term customers? c) How might the product mix decision making change if more strategic (long-term) considerations were taken into account? WRITE YOUR ANSWERS IN THE CORRECT ORDER IN THE TABLE BELOW FOR MARKING Model name Hours us Production priority 1 2nd 3rd