TB MC Qu. 14-77 Newton Manufacturing has... Newton Manufacturing has 71,900 labor hours available for producing M and N. Consider the following Information: Required labor time per unit (hours) Maximum demand (units) Contribution margin per unit Contribution margin per labor hour Product M Product N 4 7,100 5 $ 6.00 9,100 $ 6.50 $ 1.50 $ 1.30 If Newton follows proper managerial accounting practices in terms of setting a production schedule, how much contribution margin would the company expect to generate? Multiple Choice $41,600. $98,750. $99,150. $101,750. None of the answers is correct.