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Newton Manufacturing has 68,200 labor hours available for producing M and N. Consider the following information: Product M Product N Required labor time per unit

Newton Manufacturing has 68,200 labor hours available for producing M and N. Consider the following information:

Product M Product N
Required labor time per unit (hours) 4 5
Maximum demand (units) 6,300 9,000
Contribution margin per unit $ 10.00 $ 10.50
Contribution margin per labor hour $ 2.50 $ 2.10

If Newton follows proper managerial accounting practices in terms of setting a production schedule, how much contribution margin would the company expect to generate?

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