{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-27T18:11:01-04:00", "answer_date": "2024-05-27 18:11:01", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1794322", "url": "\/study-help\/questions\/chip-company-produces-three-products-kin-ike-and-bix-each-1794322", "question_creation_date_js": "2024-05-27T18:11:01-04:00", "question_creation_date": "May 27, 2024 06:11 PM", "meta_title": "[Solved] Chip Company produces three products, Kin | SolutionInn", "meta_description": "Answer of - Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 4.3 poun | SolutionInn", "meta_keywords": "chip,company,produces,three,products,kin,bix,product,direct,material,4.3,pounds", "question_title_h1": " Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 4.3 pounds of the material, Ike", "question_title": " Chip Company produces three products, Kin, Ike, and Bix. Each product", "question_title_for_js_snippet": "Chip Company produces three products, Kin, Ike, and Bix Each product uses the same direct material Kin uses 4 3 pounds of the material, Ike uses 3 3 pounds of the material, and Bix uses 6 7 pounds of the material Selling price per unit and variable costs per unit of each product follow Selling price per unit Variable costs per unit Kin $ 170 37 102 00 Ike $ 127 01 95 00 Bix $ 215 34 147 00 (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 Product Contribution Margin Kin Ike Bix Contribution margin per pound es Order in which management should produce and meet demand ", "question_description": "\"image", "transcribed_text": "Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 4.3 pounds of the material, Ike uses 3.3 pounds of the material, and Bix uses 6.7 pounds of the material. Selling price per unit and variable costs per unit of each product follow. Selling price per unit Variable costs per unit Kin $ 170.37 102.00 Ike $ 127.01 95.00 Bix $ 215.34 147.00 (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. Product Contribution Margin Kin Ike Bix Contribution margin per pound es Order in which management should produce and meet demand:", "related_book": { "title": "Principles Of Cost Accounting", "isbn": "978-0840037039, 0840037031", "edition": "15th Edition", "authors": "Edward J. Vanderbeck", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/81.jpg", "uri": "\/textbooks\/principles-of-cost-accounting-15th-edition-9780840037039", "see_more_uri": "" }, "free_related_book": { "isbn": "1167151860", "uri": "\/textbooks\/the-lost-volcanoes-of-connecticut-1st-edition-978-1167151866-166354", "name": "The Lost Volcanoes Of Connecticut", "edition": "1st Edition" }, "question_posted": "2024-05-27 18:11:01", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/introduction-to-programming\/inverse-permutation-write-a-program-that-reads-in-a-permutation-1256721", "description": "Inverse permutation. Write a program that reads in a permutation of the integers 0 to n-1 from n command-line arguments and prints the inverse permutation. (If the permutation is in an array a[], its...", "stars": 3 }, { "url": "\/lauser-clinic-uses-clientvisits-as-its-measure-of-activity-during", "description": "Lauser Clinic uses client-visits as its measure of activity. During July, the clinic budgeted for 3,700 client-visits, but its actual level of activity was 3,690 client-visits. The clinic has...", "stars": 3 }, { "url": "\/study-help\/intermediate-accounting-reporting\/l024-indirect-scf-dingel-corporation-has-contracted-with-you-to-1925977", "description": "(L02,4) (Indirect SCF) Dingel Corporation has contracted with you to prepare a statement of cash flows. The controller has provided the following information. December 31 2017 2016 Cash $ 38,500...", "stars": 3 }, { "url": "\/study-help\/industrial-organizational-psychology-understanding-the-workplace\/distinguish-between-financial-literacy-and-numeracy-and-discuss-the-empirical-1983750", "description": "Distinguish between financial literacy and numeracy and discuss the empirical evidence related to the relationship between numerical ability and decisionmaking quality.", "stars": 3 }, { "url": "\/leslie-baker-an-attorney-had-the-following-transactions-among-others", "description": "Leslie Baker, an attorney, had the following transactions (among others) during 20X0, her initial year in law practice: a. On July 1, Baker leased office space for 1 year. The landlord (lessor)...", "stars": 3 }, { "url": "\/study-help\/questions\/telstar-communications-is-going-to-purchase-an-asset-for-360000-9920295", "description": "Telstar Communications is going to purchase an asset for $360,000 that will produce $170,000 per year for the next four years in earnings before depreciation and taxes. The asset will be depreciated...", "stars": 3 }, { "url": "\/study-help\/questions\/consolidation-related-simulation-example-millennium-capital-management-inc-mcm-acquired-323599", "description": "Consolidation related simulation example: Millennium Capital Management, Inc., (MCM) acquired a 90% interest in NextGen, Inc. MCM's Financial Manager, Matthew Steven, has prepared a draft memo to the...", "stars": 3 }, { "url": "\/study-help\/questions\/as-financial-manager-of-corton-incorporated-you-are-investigating-a-9091684", "description": "As financial manager of Corton Incorporated, you are investigating a possible acquisition of Denham Lathes. You have the basic data given in the following table. Particulars Corton Denham Forecast...", "stars": 3 }, { "url": "\/study-help\/questions\/golden-food-products-produces-special-formula-pet-food-the-2436204", "description": "Golden Food Products produces special - formula pet food. The company carries no inventories. The master budget calls for theRequired: Prepare a profit variance analysis. Note: Enter your answers in...", "stars": 3 }, { "url": "\/study-help\/questions\/redwood-company-sells-craft-kits-and-supplies-to-retail-outlets-4271764", "description": "Redwood Company sells craft kits and supplies to retail outlets and through its catalog. Some of the items are manufactured by Redwood, while others are purchased for resale. For the products it...", "stars": 3 }, { "url": "\/study-help\/questions\/a-surface-mount-pcb-placementsoldering-line-is-to-be-installed-5411763", "description": "A surface mount PCB placement\/soldering line is to be installed for $2,300,000. It will have a salvage value of $100,000 after 5 years. Determine the depreciation deduction and the resulting...", "stars": 3 }, { "url": "\/study-help\/questions\/how-can-stakeholders-track-how-the-planning-team-has-addressed-5293705", "description": "How can stakeholders track how the planning team has addressed key issues during the development of the master plan study? Group of answer choices Preparation of meeting minutes Develop and follow a...", "stars": 3 }, { "url": "\/study-help\/questions\/you-are-interested-in-the-effects-of-time-spent-viewing-5731821", "description": "You are interested in the effects of time spent viewing television and Body Mass Index on cardiovascular fitness (CVF) in children. You have a sample of 60 middle school students. Each student...", "stars": 3 }, { "url": "\/study-help\/questions\/7parts-financial-ratios-liquildity-the-financial-atatements-for-tyler-toys-8358421", "description": "7parts Financial ratios: Liquildity. The financial atatements for Tyler Toys, Inc, are shown in the popup window: , Calculate the current rato, quick ratio, and cash, rato for Tyler Toya for 2013 and...", "stars": 3 }, { "url": "\/study-help\/the-nature-properties-of-soils\/suppose-a-nickelcontaminated-soil-15-cm-deep-contained-800-mgkg", "description": "suppose a nickel-contaminated soil 15 cm deep contained 800 mg\/kg Ni, Vegetation was planted to remove the nickel by phytoremediation. The above-ground plant parts average 1% Ni on a dry-weight bas...", "stars": 3 }, { "url": "\/study-help\/business-ethics-\/create-a-list-of-5-to-10-guidelines-for-ensuring-1669546", "description": "Create a list of 5 to 10 guidelines for ensuring a successful brainstorming session to identify potential solutions to a problem.", "stars": 3 }, { "url": "\/study-help\/computer-organization-design\/perhaps-the-most-likely-case-of-adding-many-numbers-at-1669537", "description": "Perhaps the most likely case of adding many numbers at once in a computer would be when trying to multiply more quickly by using many adders to add many numbers in a single clock cycle. Compared to...", "stars": 3 }, { "url": "\/study-help\/computer-networking\/for-the-network-in-figure-619-the-router-has-two-1669538", "description": "For the network in Figure 6.19. the router has two ARP modules, each with its own ARP table. Is it possible that the same MAC address appears in both tables? Figure 6.19", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/if-a-company-has-an-ordering-cost-of-250-a-1794321", "next": "\/study-help\/questions\/6-3-points-topgun-enterprises-controller-tom-cruise-estimated-the-1794323" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " Chip Company produces three products, Kin, Ike, and Bix. Each product", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/chip-company-produces-three-products-kin-ike-and-bix-each-1794322" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } } }