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Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 6ISBN: 978-0078025532Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 6ISBN: 978-0078025532 Exercise 21
Joint Products; By-Products (Appendix) 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 $1,000 disposal cost for the by-product. A summary of a recent month's activity at Marshall is shown below.
Total joint costs for Marshall in the recent month are $265,000, of which $115,000 is a variable cost.
Required
1. Calculate the manufacturing cost per unit for each of the three products.
2. Calculate the gross margin for each product.
Total joint costs for Marshall in the recent month are $265,000, of which $115,000 is a variable cost.
Required
1. Calculate the manufacturing cost per unit for each of the three products.
2. Calculate the gross margin for each product.
Explanation
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Answer Sub Part (1)
The net Joint Cost ...
Cost Management 6th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
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