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Chip Company produces three products, Kin, Ike, and Bix. Eoch product uses the same direct material Kin uses 51 pounds of the material, Ike uses

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Chip Company produces three products, Kin, Ike, and Bix. Eoch product uses the same direct material Kin uses 51 pounds of the material, Ike uses 33 pounds of the material, and Box uses 55 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

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