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Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.3 pounds of the material,

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Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 4.3 pounds of the material, SS uses 23 pounds of the material, and G9 uses 6.9 pounds of the material. Demand for all products is strong, but only 56,200 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. Selling price Variable costs K1 $161.67 89.00 S5 $117.31 95.00 G91 $225.52 151.ee 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.) Sales Contribution margin per pound Product K1 Product 55 Product G9 $ 161.67$ 117.31 $ 225.52 89.00 95.00 151 00 $ 16 90 S 9.70 $ 10.80) Contribution margin per unit Fixed costs Income taxes First Third Second Net Income Sales

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