Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. childress company produces three products, k1, s5,

Childress Company produces three products, K1, S5, and G9. Each product uses the same type...

50.1K

Verified Solution

Question

Accounting

Childress Company produces three products, K1, S5, and G9. Each product uses the same type of direct material. K1 uses 3.4 pounds of the material, S5 uses 2.2 pounds of the material, and G9 uses 5.1 pounds of the material. Demand for all products is strong, but only 51,300 pounds of material are available. Information about the selling price per unit and variable cost per unit of each product follows.

K1 S5 G91
Selling price $ 161.46 $ 96.36 $ 201.14
Variable costs 104.00 77.00 143.00

Calculate the contribution margin per pound for each of the three products. Orders for which product should be produced and filled first, then second, and then third? (Round your answers to 2 decimal places.)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

General Management
1.2K views

Whole Foods Market has a purpose beyond profits, and even a purpose beyond selling gorgeous vegetables...

Biology
1.2K views

1 Mice collected from the Sonoran desert have two phenotypes dark D and light d...

Physics
1.2K views

Q 16 Your Answer 2m 81 85 86 Option 1 Option 2 3m A square...

Physics
1.2K views

00000 M M Spring in figure A B are identical but length in A is...

Physics
1.2K views

Two identical balls having like charges and placed at a certain distance apart repel each...

Geometry
1.2K views

8 Find the area of the following figure The units are in feet 12 14...

Statistics
1.2K views

A study investigated whether price affects people s judgment Twenty people each tasted six cabernet...

Calculus
1.2K views

L V32 The formula P 2n can be used to approximate the period of a...

Algebra
1.2K views

How far away from a lighthouse on shore can aship be seen if the observer...

Algebra
1.2K views

The function c(x) = 72 (1.04) models the cost in dollars, c, of 1 ounce...

Algebra
1.2K views

The length of one leg of an isoscele?s right triangle is 3 ft. What is...

Accounting
1.2K views

Ontario Skateboard Company has the following inventory and purchases during the fiscal year ended December...