%E16-31 (similar to) Ramble, Inc., is a large food processing company. It processes 151,000 pounds of peanuts in the peanuts department at a cost of $174,000 to yield 10,000 pounds of product A, 10,000 pounds of product B, and 15,000 pounds of product C. Click the icon to view the information.) Requirement 1. Compute unit costs per pound for products A, B, and C, treating C as a byproduct. Use the N products A and B. Let's begin by determining the formula to compute the joint costs allocated for product C by entering the appro Joint costs Net realizable value Joint costs allocated Enter any number in the edit fields and then click Check Answer 12 parts 12 remaining Clea 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 overview) Read the requirements the NRV method for allocating joint costs. Deduct the NRV of the byproduct produced from the joint cost of appropriate amounts Clear All Check Answer 0 More Info Product A is processed further in the salting department at a cost of $25,000. It yields 10,000 pounds of salted peanuts, which are sold for $10 per pound Product B (raw peanuts) is sold without further processing at $5 per pound Product C is considered a byproduct and is processed further in the paste department at a cost of $15,000. It yields 15,000 pounds of peanut butter, which are sold for $10 per pound. Figure Joint Costs - $174,000 - Separable Costs - 10,000 pounds Salting Department Processing $25,000 Salted Peanuts 10,000 pounds $10/1b Peanuts Department Processing of 151,000 lb Raw Peanuts 10.000 pounds $5/16 Paste Department Processing $15,000 Peanut Butter 15,000 pounds $10/16 15,000 pounds Splitoff Point 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 2