Ramble, Inc., is a large food processing company. It processes 155,000 pounds of peanuts in the peanuts department at a cost of $151,000 to yield 20,000 pounds of product A. 50,000 pounds of product B, and 18,000 pounds of product 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: (Click the icon to view the information.) Click the icon to view the overview.) 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 Let's begin by determining the formula to compute the joint costs allocated for product C by entering the appropriate amounts. Joint costs Net realizable value Joint costs allocated * More Info Product Als processed further in the salting department at a cost of $20,000. It yields 20,000 pounds of salted peanuts, which are sold for $6 per pound. Product B (raw peanuts) is sold without further processing at $8 per pound Product is considered a byproduct and is processed further in the paste department at a cost of $12,000. It yields 18,000 pounds of peanut butter, which are sold for $5 per pound Print Done 0 Figure Separable Coss- - loints $151,000 20,000 pounds Salting Department Processing $20,000 Salted Peanuts 20.02 pounds $6/1b Peanuts Department Processing of 155.000 lb Raw Peanuts 50,000 pounds $8/1b Paste Department Processing $12.000 Peanut Butter 18.00 pounds SS/Ib 18,000 pounds Splitoff Point Print Done