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Chip Company produces three products, Kin, lke, and Bix. Each product uses the same direct matenal : Kin uses 4 pounds of the material, ike

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Chip Company produces three products, Kin, lke, and Bix. Each product uses the same direct matenal : Kin uses 4 pounds of the material, ike uses 2.9 pounds of the material, and Bix uses 5.5 pounds of the matentai Selling price per unit and vanable costs per unit of each product follow (a) Compute coutibition margin per pound of matenal for each product. (b) if demand is limited, ust the three products in the order in which management should produce and meet demand

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