Childress Company produces three products, KI S5, and 69. Each product uses the same type of direct material K1 uses 33 pounds of the material, S5 uses 38 pounds of the material and G9 uses 62 pounds of the material Demand for all products is strong, but only 58,100 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 5143.43 37.00 55 $115.48 79.00 491 $207.54 135.00 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 K1 Product S5 Product G9 Contribution margin per pound Order in which products should be produced and filled A company with excess capacity must decide between scrapping or reworking units that do not pass inspection The company has 13,000 defective units that cost $5.60 per unit to manufacture. The units can be a) sold as is for $260 each, or b) reworked for $480 each and then sold for the full price of $8 20 each What is the incremental income from selling the units as scrap and reworking and selling the units? Should the company sell the units as scrap or rework them (Enter costs and losses os negative values.) Salas Scrap Rework Incremental income (losa) The company should