Ivanhoe Industries manufactures chairs and tables that are in high demand by local office furniture stores. Following is information for each of these products:

	Chairs	Tables
Selling price per item		$65.00		$79.00
Variable cost per item		52.00		61.00
Contribution margin per item		$13.00		$18.00
Machine hours per item		1.60		1.60

Ivanhoe has 928 machine hours available each month. The demand for chairs is 590 units per month and the demand for tables is 370 units per month. If Ivanhoe allocates its production capacity between the chairs and tables so that it maximizes the company's contribution margin, what will the total contribution margin be?

$7540

$9390

$14330

$10440