ch23 q7

Exercise 23-7 Sales mix LO P3 Childress Company produces three products, k1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.9 pounds of the material, S5 uses 24 pounds of the material, and G9 uses 6,9 pounds of the material Demand for all products is strong, but only 55,200 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows: Selling price K2 $159.89 101.00 55 $101.92 82.00 691 $227.21 152.00 Variable costs Calculate the contribution margin per pound for each of the three products. Orders for which product should be produced and filled first, then second, and then third? (Round your answers to 2 decimal places.) Contribution margin per pound Product 1 Product S5 Product G9 Contribution margin per pound Order in which products should be produced and filled