The Cuthill Company manufactures two products: M$1$ and H$1.$ Each product uses skilled labour and the total hours of skilled labour available for the following year is limited to $20,750$ hours. Data for each of the two products is as follows:

Item

M$1$

H$1$

Contribution margin per unit

$$30\mathrm{.}50$

$$51\mathrm{.}00$

Hours of skilled labour per unit

$2\mathrm{.}5$

$2\mathrm{.}95$

Maximum product demand $($units$)$

$6,375$

$4,975$

What is the maximum contribution margin that can be achieved next year?