Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses $3\mathrm{.}3$ pounds of the

material, Ike uses $2\mathrm{.}9$ pounds of the material, and Bix uses $6\mathrm{.}8$ pounds of the material. Selling price per unit and variable costs per unit

of each product follow.

$($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.

Answer is complete but not entirely correct.