Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is three units per hour and for Product MTV is five units per hour. The machine’s capacity is...

Colt Company owns a machine that can produce two specialized products. Production time for Product TLX is three units per hour and for Product MTV is five units per hour. The machine’s capacity is 2,300 hours per year. Both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,910 units of Product TLX and 5,315 units of Product MTV. Selling prices and variable costs per unit to produce the products follow.

Determine the company's most profitable sales mix and the contribution margin that results from that sales mix.(Round per unit contribution margins to 2 decimal places.)

Extracted text: O Answer is not complete. Product MTV Product TLX Contribution margin per unit Units produced per hour Contribution margin per production hour 13.00 O s 7.80 8 30 5 27.30 15.60 Product MTV Product TLX Total Maximum number of units to be sold Hours required to produce maximum units 3,910 5,315 Product MTV For Most Profitable Sales Mix Product TLX Total Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin 4 8 15.60 8 $ 27.30 8 S 2$ 82 62 144 %24