Question: Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 4.5 pounds of the material, Ike uses 3.2 pounds of the material, and Bix uses 6.5 pounds of the material. The selling price per unit and variable costs per unit of each product follows. Kin Ike Bix Selling price per unit $176.05 $112.44 $227.40 Variable costs per unit Compute contribution margin per pound of material for each product. 100.00 83.00 152.00

Question: Chip Company produces three products, Kin, Ike, and Bix. Each product uses the same direct material. Kin uses 4.5 pounds of the material, Ike uses 3.2 pounds of the material, and Bix uses 6.5 pounds of the material. The selling price per unit and variable costs per unit of each product follows. Kin Ike Bix Selling price per unit $176.05 $112.44 $227.40 Variable costs per unit Compute contribution margin per pound of material for each product. 100.00 83.00 152.00

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter11: Differential Analysis And Product Pricing

Section: Chapter Questions

Problem 17E: Product cost method of product costing Smart Stream Inc. uses the product cost method of applying...

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Diff Analysis & Product Pricing:
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