< Back This window shows your responses and what was marked correct and incorrect from your previous attempt. 6 Problem 7-48 Joint Products; By-Products (Appendix) [LO 7-6, 7-7] 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 $2,300 disposal cost for the by-product. A summary of a recent month's activity at Marshall points awarded is shown below: 0/5 Scored Units sold Units produced Separable processing costs-variable Separable processing costs-fixed Sales price Ying 115,000 Yang Bit 92,000 23,000 115,000 92,000 23,000 $322,000 $ 98,000 $ $ 23,000 $ 17,000 $ $ 6.00 $ 12.50 $ 1.50 Total joint costs for Marshall in the recent month are $302,200, of which $129,946 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. Manufacturing cost per unit Total gross margin $ Ying 3.93 Yang Bit 3.18 0.75 x 17.302 $ 238,014 $ 856,984