$2$

Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct mate the material, Ike uses $3\mathrm{.}8$ pounds of the costs per unit of each product follow.

$\backslash$table$[[,$Kin,Ike,Bix,$],[,,,,],[$Selling price per unit,$$157\mathrm{.}19,$$$125\mathrm{.}92,$$$229\mathrm{.}78,],[$Variable costs per unit,$92\mathrm{.}00,94\mathrm{.}00,146\mathrm{.}00,]]$

$($a$)$ Compute contribution margin per pound of material for each product. $($b$)$ If demand is limited$,$ list the three products in the order in which management should produce and meet demand.

$\backslash$table$[[$Kroduct Contribution Margin,,$],[,$Kin,,$],[,$Bix,,$],[$Contribution margin per pound,,,$],[,,,],[$Order in which management should produce and meet demand:,,,$]]$