nts Skipped eBook Hint Print References Exercise 23-7 (Algo) Sales mix LO P3 Chip Company produces three products, Kin,

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Nts Skipped Ebook Hint Print References Exercise 23 7 Algo Sales Mix Lo P3 Chip Company Produces Three Products Kin 1 (33.11 KiB) Viewed 13 times

nts Skipped eBook Hint Print References Exercise 23-7 (Algo) Sales mix LO P3 Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 4.1 pounds of the material, Ike uses 3 pounds of the material, and Bix uses 6 pounds of the material. Selling price per unit and variable costs per unit of each product follow. Selling price per unit Variable costs per unit Kin $ 161.88 93.00 Ike $ 106.40 77.00 Bix $ 219.40 154.00 (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. Product Contribution Margin Contribution margin per pound Order in which management should produce and meet demand: Kin Ike Bix