Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 44 pounds of the material, like uses 3.8 pounds of the material, and Bix uses 5.5 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 $ 158.08 89.00 Ike $ 128.96 94.00 Bix $ 202.40 143.00 (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 Order in which management should produce and moet demand $ 110 35 30 8 Skull Company makes snowboards and uses the total cost method in setting product price. Its costs for producing 15,000 units follow The company targets a 12.0% markup on total cost. Variable costs per Unit Direct materials Direct labor Overhead Selling, general and administrative Fixed Costs (total) Overhead Selling, general and administrative 450,000 1. Compute the total cost per unit if 15,000 units are produced. 2. Compute the dollar markup per unit. 3. Compute the selling price per unit. (For all requirements, round your final answers to the nearest dollar amounts.) $ 480,000 1 Total cost per unit 2. Markup per unit 3. Selling price per unit