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 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 product A, 50,000 pounds of product B, and 18,000 pounds of product C. 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. Figure Joint costs allocated = x Requirements Separable Costs Joint Costs $151.000 20.000 pounds Salting Department Processing $20,000 Salted Peanuts 20,000 pounds S6/1b 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. 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. 2. Peanuts Department Processing of 155,000 16 Raw Peanuts 50,000 pounds $8/1b Print Done Paste Department Processing $12.000 Peanut Butter 18,000 pounds $5/16 18,000 pounds More Info Splitoff Point Print Done Product A is 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 C 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 Choose from any drop-down list and then click Check Answer. ? 13 parts Clear All remaining Check