EQuestion Help E16-31 (similar to) RBIn r1c IS a arge ood processing company t 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 C (Click the icon to view the information.) The company wants o make revenues for marketing costs on product C. An overview of operations follows: gross margin o 10% of revenues on product C end needs to allow 20% of Click the icon to view the overview.) Read the requirerments. Requirement 1. Compute unit casts per pound for products A, B, and C, treating C as a byproduct. Use the NRV methad for allocating joint costs. Deduct the NRV of the bypraduct produced from the joint cost of products A and B. Let's begin by determining the formula to compute the joint costs allocated for produc: C by entering the appropriate amounts. - Joint costs allocated Reqirements 1. Compute unit costs per pound for products A, B, and C, treating C as a byproduct. Use the NRW method for allocating joint costs. Deduct the NRV of the byproduct produced from the joint cost of producta A and B. Figure 2. Compute unit costs per paund for products A, B, and C, treating all three as joint loint Costs Separable Costs + S151,000 products and locating joint costs by the NRV methad Salted Peauuts 10.0u0 pourds Salb 20,000 pounds Prucessing Print Done Peanuls Department Processing Ra Peanirs i Mare Info 50,000 poauds 58/1h of 155,UO0 LbI 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 56 per pound . Product B (raw peanuts) is sold without further processing at $8 per pound. . Product C is considered a byproduct and is pracessed 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. Paste Department Pea Bulter Choose from any dreo 18,000 puad 12.000 18,000 pound:s 13 PemainingCO Splitoff