Ivanhoe Innovations, Inc. produces exercise and fitness gear. Two of its newer products require a finishing process that can only be completed on machines that were recently purchased for this purpose. The machines have a maximum capacity of 6,000 machine hours, and no other products that the company makes use these machines. Sarah Jacob, the company's operations manager, is preparing the production schedule for the coming month and can't seem to find enough machine time to produce enough units to meet the customer demand that the marketing department has included in the sales budget. Michael Stoner, the company's controller, has gathered the following information about the two products: Dumbbell Rack Weight Bench $51 $62 Selling price per unit Direct materials 20 Direct labor Variable overhead Fixed overhead Profit per unit $20 $21 4,000 Unit sales demand Machine hours per unit 0.50 7,000 0.80 What total contribution margin will Ivanhoe realize based on your answer to part (b)? Total contribution margin $ Click if you would like to Show Work for this question: Open Show Work