Making product mix decisionsLifemaster produces two types of exercise treadmills: regular and deluxe. Theexercise craze is such that Lifemaster could use all its available machine hours toproduce either model. The two models are processed through the same productiondepartments. Data for both models is as follows:Per UnitDeluxe RegularSale Price $ 1,020 $ 560Costs:Direct Material 300 90Direct Labor 88 188Variable Manufacturing Overhead 264 88Fixed Manufacturing Overhead* 138 46Variable Operating Expenses 111 65Total Costs 901 477Operating Income $ 119 $ 83*allocated on the basis of machine hoursRequirements1. What is the constraint?2. Which model should Lifemaster produce? (Hint: Use the allocation of fixedmanufacturing overhead to determine the proportion of machine hours used byeach product.)3. If Lifemaster should produce both models, compute the mix that will maximizeoperating income.Complete in Microsoft Excel , show workMaking product mix decisionsLifemaster produces two types of exercise treadmills: regular and deluxe. Theexercise craze is such that Lifemaster could use all its available machine hours toproduce either model. The two models are processed through the same productiondepartments. Data for both models is as follows:Per UnitDeluxe RegularSale Price $ 1,020 $ 560Costs:Direct Material 300 90Direct Labor 88 188Variable Manufacturing Overhead 264 88Fixed Manufacturing Overhead* 138 46Variable Operating Expenses 111 65Total Costs 901 477Operating Income $ 119 $ 83*allocated on the basis of machine hoursRequirements1. What is the constraint?2. Which model should Lifemaster produce? (Hint: Use the allocation of fixedmanufacturing overhead to determine the proportion of machine hours used byeach product.)3. If Lifemaster should produce both models, compute the mix that will maximizeoperating income.Complete in Microsoft Excel , show work