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Exercise 2 3 - 7 ( Algo ) Sales mix LO P 3 Chip Company produces three products, Kin, Ike, and BIx. Each product uses

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Exercise 23-7(Algo) Sales mix LO P3
Chip Company produces three products, Kin, Ike, and BIx. Each product uses the same direct materlal. KIn uses 4 pounds of the materlal, Ike uses 2.3 pounds of the materlal, and BIx uses 5.8 pounds of the materlal. Selling price per unit and varlable costs per unit of each product follow.
\table[[,Kin,Ike,Bix],[Selling price per uni,$164.60,$114.08,$210.58
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