Question: #3 all boxes outlined in blue need an answer Chip Company produces three products, Kin, Ike, and BIx. Each product uses the same direct material.

#3 all boxes outlined in blue need an answer Chip Company

all boxes outlined in blue need an answer

Chip Company produces three products, Kin, Ike, and BIx. Each product uses the same direct material. Kin uses 5 pounds of the material, Ike uses 2.6 pounds of the material, and Bix uses 6.8 pounds of the materlal. Selling price per unit and varlable costs per unit of each product follow. (a) Compute contribution margin per pound of materlal for each product. (b) If demand Is IImited, list the three products in the order in which management should produce and meet demand

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