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Check my work The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Ying and
Check my work 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 $1700 disposal cost for the by product . A summary of a recent month's activity at Marshall is shown below. Ying Yang Bit Units sold 85,000 68,000 17,000 Units produced 85,000 68,000 17,000 Separable processing costs-variable $ 238,000 $ 74,000 $- Separable processing costs-fixed $ 17,000 $ 11,000 Sales price $ 12.50 $1.50 Total joint costs for Marshall in the recent month are $233,800 Lot which $100,534 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 $ $6.00 Ying Yang Bit Manufacturing cost per unit Total gross margin
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