5 07 The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, Incurring separable processing costs. There is a $300 disposal cost for the by- product. A summary of a recent month's activity at Marshall is shown below. 10 points 12,80p eBook Ying Yang Bit Units sold 15, eee 3.ece Units produced 15,000 12,880 3,800 Separable processing costs-variable $ 42, eee $ 14,000 $- Separable processing costs-fixed $ 3,eee $ 1,00 $- Sales price $ 6.00 $ 12.50 $ 1.50 Total Joint costs for Marshall In the recent month are $84.200, of which $36,206 is a variable cost Required: 1. Calculate the manufacturing cost per unit for each of the three products. (Round manufacturing cost per unit answers to 2 decimal places.) 2. Calculate the total gross margin for each product. Print References Ying Yang Bit Manufacturing cost per unit Total gross margin 5 07 The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two joint products are processed beyond the split-off point, Incurring separable processing costs. There is a $300 disposal cost for the by- product. A summary of a recent month's activity at Marshall is shown below. 10 points 12,80p eBook Ying Yang Bit Units sold 15, eee 3.ece Units produced 15,000 12,880 3,800 Separable processing costs-variable $ 42, eee $ 14,000 $- Separable processing costs-fixed $ 3,eee $ 1,00 $- Sales price $ 6.00 $ 12.50 $ 1.50 Total Joint costs for Marshall In the recent month are $84.200, of which $36,206 is a variable cost Required: 1. Calculate the manufacturing cost per unit for each of the three products. (Round manufacturing cost per unit answers to 2 decimal places.) 2. Calculate the total gross margin for each product. Print References Ying Yang Bit Manufacturing cost per unit Total gross margin