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Chip Company produces three products, Kin, lke, and Bix. Each product uses the same direct matenal Kin uses 4.5 pounds of the material, ike uses

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Chip Company produces three products, Kin, lke, and Bix. Each product uses the same direct matenal Kin uses 4.5 pounds of the material, ike uses 23 pounds of the material, and Bix uses 66 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 eoch product (b) If demand is limited, Ilst the three products in the order in which management should produce and meet demand

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