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Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 7ISBN: 978-0077733773Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
Edition 7ISBN: 978-0077733773 Exercise 6
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 byproduct 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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Verified
Answer Sub Part (1)
The net Joint Cost ...
Cost Management: A Strategic Emphasis 7th Edition by Edward Blocher,David Stout ,Paul Juras,Gary Cokins
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