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Chip Company produces three products, Kin, Ike; and Bix, Each product uses the same direct...

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Accounting

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Chip Company produces three products, Kin, Ike; and Bix, Each product uses the same direct material. Kin uses 4.2 pounds of the material, Ike uses 3.2 pounds of the material, and Bix uses 6.5 pounds of the material. Selling price per unit and variable costs per unit of each product follow. (a) Compute contribution margin per pound of moterial for each product. (b) If demand is limited, list the three products in the order in which management should produce and meet demand. Required information [The following information applies to the questions displayed below]. Suresh Company reports the following segment (department) income results for the year Compute the total increase in income if the departments with sales less than avoidable costs, as identified in part a, are eliminated

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