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E16-8 Optimal Product Mix; Contribution Margin; Scarce Resource OPM, Inc. shows the following Income statement for its three products for the most recent your: Products Company A Total Sales $180,000 $200,D00 $220,000 $600,000 Total moody 154,000 165,000 181,000 900,000 Operating Income $26,000 6 85,000 $ 39,AND0 4100,000 A further analysis of costs Indicated the following Products A B Variable costs $144,000 $148,000 $165,000 Fixed costs allocated 10,000 17.010 16,090 Total costs $154,000 $165,000 $181,000 OPM, Inc. produced 2,000 units of each of its three products for the year. The machine time required per unit is 1.5 hours for product A, 2 hours for B, and 2.5 hours for C. The cost structure is expected to remain unchanged for the fore- secable future. Required: 1. For the current year, OPM has 15,900 machine hours available. The total muirket demand for a single product is limited to 4,000 units. How many units of each product should be produced to maximize the company's total con- tribution margin? 2. Assume the same data as in (1), except that OI'M has a contract to supply a minimum of 1,000 units of each product per year to a customer, How many units of each product should be produced to maximize the company's total contribution margin