Please provide answer in text (Without image) The Marshall Company has a joint production process that produces two joint products and a by-product. The joint products are Yingand Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value method. The two jointproducts are processed beyond the split-off point, incurring separable processing costs. There is a $700 disposal cost for the by-product. A summary of a recent month's activity at Marshall is shown below:Units soldUnits producedSeparable processing costs-variableSeparable processing costs-fixedSales priceYing35,00035,000$ 98,000$ 7,000$ 5,000S-$6.00$ 12.50$ 1.50Total joint costs for Marshall in the recent month are $129,800, of which $55,814 is a variable cost.Manufacturing cost per unitTotal gross marginYang28,00028,000$ 30,000Required:1. Calculate the manufacturing cost per unit for each of the three products. (Round manufacturing cost per unit answers to 2 decimalplaces.)2. Calculate the total gross margin for each product.YingYangBit7,0007,000S-Bit

Manufacturing expenses are made up of various elements. The price of direct labor, the price of…

The Marshall Company has a joint production process that produces two joint products and a by-product. The joint p and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value met products are processed beyond the split-off point, incurring separable processing costs. There is a $700 disposal co product. A summary of a recent month's activity at Marshall is shown below:

The Marshall Company has a joint production process that produces two joint products and a by-product. The joint p and Yang, and the by-product is Bit. Marshall accounts for the costs of its products using the net realizable value met products are processed beyond the split-off point, incurring separable processing costs. There is a $700 disposal co product. A summary of a recent month's activity at Marshall is shown below:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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