Exercise 23-7 Sales mix LO P3 Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct ridaterial. Kl uses 3.2 pounds of the material, S5 uses 21 pounds of the material, and G9 uses 5.3 pounds of the material. Demand for all products is strong, but only 57,800 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows. Selling price Variable costs ka $146.64 98.00 55 $109.85 92.00 092 $194.18 138.00 Calculate the contribution margin per pound for each of the three products. Orders for which product should be produced and filed first, then second, and then third? (Round your answers to 2 decimal places.) Contribution margin per pound Product 1 Product S5 Product GO Contribution margin per pound Order in which products should be produced and filled Exercise 23-11 Product pricing using total costs LO P6 Steeze Co makes snowboards and uses the total cost approach in setting product prices. Its costs for producing 13.000 units follow The company targets a profit of $405,600 on this product. Variable costs per Unit Fixed costs Direct wterials $106 Overhead $475,000 Direct labor 31 Selling 113,000 76 Administrative 310,000 Selline Overhead 1. Compute the total cost per unit 2. Compute the markup percentage on total cost (Round your final percentage answer to 1 decimal place.) 3. Compute the product's selling price using the total cost method (Round your intermediate calculations and final answer to the nearest whole dollar amount.) 1 1 Total cost per unit 2. Markup percentage 3. Seling price % Type here to search