Exxon Mobil Corporation explores, produces, refines, markets, and supplies crude oil, natural gas, and petroleum products in the United States and around the world. Required: Indicate how the accounts normally should be categorized on a classified balance sheet. Also indicate whether the account normally has a debit or credit balance. Answer is complete but not entirely correct. Debit or Credit Balance Balance Classification CL CA CA Sheet Credit
(1) Notes and Loans Payable (short-term)
(2) Materials and Supplies
(3) Common Stock
(4) Patents (an intangible asset)
(5) Income Taxes Payable
(6) Long-Term Debt Debit Debit Debit Credit Credit ) Marketable Securities (short-term investments) NCA Debit Debit 1 Credit のDebit Debit Debit Credit Debit Credit CA NCL NCL
(7) Marketable Securities (short-term investments) CA SE CA SE
(8) Property, Plant, and Equipment
(9) Retained Earnings
(10) Notes and Accounts Receivable (short-term)
(11) Investments (long-term)
(12) Cash and Cash Equivalents
(13) Accounts Payable
(14) Crude Oil Products and Merchandise
(15) Additional Paid-in Capital

The chromosome manufacturing company produces two products, x and y. the company president, jean mutation, is concerned about the fierce competition in the market for product x. she notes that competitors are selling x for a price well below chromosome's price of $13.50. at the same time, she notes that competitors are pricing product y almost twice as high as chromosome's price of $12.50.ms. mutation has obtained the following data for a recent time period: product x product y number of units 11,000 3,000 direct materials cost per unit $3.23 $3.09 direct labor cost per unit $2.22 $2.10 direct labor hours 10,000 3,500 machine hours 2,100 1,800 inspection hours 80 100 purchase orders 10 30ms. mutation has learned that overhead costs are assigned to products on the basis of direct labor hours. the overhead costs for this time period consisted of the following items: overhead cost item amount inspection costs $16,200 purchasing costs 8,000 machine costs 49,000 total $73,200using direct labor hours to allocate overhead costs determine the gross margin per unit for product x. choose the best answer from the list below.a. $1.93b. $3.12c. $7.38d. $2.43e. $1.73using activity-based costing for overhead allocation, determine the gross margin per unit for product y. choose best answer from list below.a. $10.07b. ($2.27)c. ($5.23)d. ($7.02)e. $7.02