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

 Exercise 23-7(Algo) Sales mix LO P3 Chip Company produces three products,

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 5 pounds of the material, Ike uses 2.8 pounds of the material, and Bix uses 5.6 pounds of the material. Selling price per unit and variable costs per unit of each product follow.
\table[[,Kin,Ike,Bix],[Selling price per unit,$172.50,$108.44,$210.16
Kin, Ike, and Bix. Each product uses the same direct material. Kin

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