Raber, Inc., is a large food$-$processing company. It processes $158,000$ pounds of peanuts in the peanuts department at a cost of $$249,300$ to yield

$25,000$ pounds of product $A,75,000$ pounds of product $B,$ and $13,000$ pounds of product $C.$

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The company wants to make a gross margin of $10\%$ of revenues on product $C$ and needs to allow $20\%$ of revenues for marketing costs on

product $C.$ An overview of operations follows:

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Read the requirements.

Requirement $1.$ Compute unit costs per pound for products A$,$ B$,$ and C$,$ treating C as a byproduct. Use the NRV method for allocating joint costs. Deduct the NRV of the byproduct produced from the joint cost of products A and B$.$

Ler's begin by determining the formula to compute the joint costs allocated for product $C$ by entering the appropriate amounts.

$=$ Joint costs allocated

More info

Product $A$ is processed further in the salting department at a cost of $$25,000.$ It yields $25,000$

pounds of salted peanuts, which are sold for $$10$ per pound.

Product B $($raw peanuts$)$ is sold without further processing at $$7$ per pound.

Product $C$ is considered a byproduct and is processed further in the paste department at a cost of

$$11,000.$ It yields $13,000$ pounds of peanut butter, which are sold for $$8$ per pound.

Requirements

Compute unit costs per pound for products $A,B,$ and $C,$ treating $C$ as a byproduct. Use

the NRV method for allocating joint costs. Deduct the NRV of the byproduct produced

from the joint cost of products A and $B.$

Compute unit costs per pound for products A$,$ B$,$ and C$,$ treating all three as joint

products and allocating joint costs by the NRV method.

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