Assume that Fran's Studio creates three products: (1) watercolor paintings, (2) oil paintings, and (3) custom frames. Total output, however, is limited to what can be produced in 6,000 hours of direct labor. The contribution margin per direct labor hour required to complete each of the studio's products is as follows. Contribution Margin By Unit Selling Price Variable Cost Contribution Margin (CM) Direct Labor Hours CM per Hour Product Watercolor Paintings $90 $30 $60 Oil Paintings $160 $60 $100 Custom Frames $35 $15 $20 2 4 1 $30 $25 $20 Assume further that customer demand for each product is as follows: watercolor paintings -2,000 oil paintings - 400 custom frames-700 What is the maximum contribution margin that Fran's Studio can achieve given the constraint on direct labor hours and the customer demand for the product (recognizing that production should be limited to the maximum customer demand)?