Colt Company owns a machine that can produce two specialized products Production time for Product TLX is two units per hour and for Product MTV is four units per hour. The machine's capacity is 2,500 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 4.250 units of Product TLX and 1,920 units of Product MTV Selling prices and variable costs per unit to produce the products follow $ per unit Selling price per unit Variable costs per unit Product TLX $11.50 3.45 Product MTV $6.90 4.14 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.) Product LX Product MTV Contribution margin per unit Contribution margin per production hour Product MTV Total Product TLX 4,250 1.920 Maximum number of units to be sold Hours required to produce maximum units Product TLX Product MTV Total For Most Profitable Sales Mix Hours dedicated to the production of each product Units produced for most profitable sales mix Contribution margin per unit Total contribution margin Varto Company has 8.400 units of its sole product in inventory that it produced last year at a cost of $27 each. This year's model is superior to last year's, and the 8.400 units cannot be sold at last year's regular selling price of $53 each Varto has two alternatives for these items (1) they can be sold to a wholesaler for $9 each or (2) they can be processed further at a cost of $167,400 and then sold for $28 each Should Varto sell the products as is or process further and then sell them? INCREMENTAL REVENUE AND COST OF ADDITIONAL PROCESSING Revenue if processed further Revente if sold as is Incremental revenue 0 Incremental net income(Loss) s 0 The company should