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Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.5 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 3.5 pounds of the material, S5 uses 2.4 pounds of the material, and G9 uses 6.1 pounds of the material. Demand for all products is strong, but only 43,700 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. G91 Selling price Variable costs K1 $154.35 98.00 S5 $112.92 93.00 $203.93 135.00 Required: 1. Calculate the contribution margin per pound for each of the three products. (Round your answers to 2 decimal places.) X Answer is complete but not entirely correct. Contribution margin per pound Product K1 Product S5 Sales X $ 154.35 X $ 112.92 X Variable costs 98.00 X 93.00 X Contribution margin per pound $ 56.35 $ 19.92 Product G9 $ 203.93 X 135.00 X $ 68.93 Order in which products should be produced and filled: 1 First Ol Third Second

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