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Chip Company produces three products, Kin, Ike, and Bix Each product uses the same direct material. Kinuses 41 pounds of the material. Ike uses 3.9
Chip Company produces three products, Kin, Ike, and Bix Each product uses the same direct material. Kinuses 41 pounds of the material. Ike uses 3.9 pounds of the material, and Bix uses 55 pounds of the material Selling price per unit and variable costs per unit of each product follow selling price per unit Varloble costs per unit $ 159.37 95.00 Ik 5 12766 91.00 BIL 5.201.65 145.00 (3) 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 meel demand Product Contribution Margin kin Ike B Contribution margin per pound Order in which management should produce and meet demand
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