SimplengTaksil Company produces furniture. It has four products, tables, chairs, cabinets and bookshelves. It has 50,000 direct labor hours available. Below are the details pertaining to each product:

Table CM/Unit P25

DLH/Unit 5 hours

Chairs P20

2 hours

12,000 units

Cabinets P28

7 hours

5,000 units

Bookshelves P24

5 hours

3,000 units

Maximum demand

3,500 units

What will be the highest contribution margin if we prioritize the products properly?

P304,800

P399,500

P312,000

P299,500