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6 Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 51 pounds of the material, lke
6 Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 51 pounds of the material, lke uses 2.5 pounds of the material, and Bix uses 5.3 pounds of the material Selling price per unit and variable costs per unit of each product follow. Selling price per unit Varlabie costs per unit (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
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