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Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 3.5 pounds of the material, Ike uses

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Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 3.5 pounds of the material, Ike uses 22 pounds of the materlal, and Blx uses 5.7 pounds of the material. Selling price per unit and variable costs per unit of each product follow. (b) Compute contrlbution margin per pound of materal for each product. (b) if demand is ilmited, list the three products in the order in which management should produce and meet demand

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