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Colt Company owns a machine that can produce two specialized products

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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 5,395 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 TLX Product MTV Contribution margin per unit Units produced per hour Contribution margin per production hour Product MTV Total Product TLX 3,910 5,395 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 Er

Expert Q&A ... OOREDOO 3G 4:03 PM eclass bethlehem.edu Marked out of 6.00 P Flag question During the month of January 2019, "ABC" company total sales was equal to $12,000 including sales tax. Based on the above given information, answer the following questions, assuming the sales tax rate is equal to 14%: 1. What is the amount that must presented as a sales tax expense on the Income statement for the month of January? 2. What is the amount that must presented as a sales revenue on the income statement for the month of January? 3. What is the amount that must be presented as a Sales Tax Payable as on 31/1/2019: