Ray, Inc., is a large food$-$processing company. It processes $157,000$ pounds of peanuts in the peanuts department at a cost of $$303,100$ to

yield $25,000$ pounds of product A$,99,000$ pounds of product $B,$ and $14,000$ pounds of product $C.$

$($i$)($Click the icon to view the information.$)$

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

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

Figure