Martin Chicken Corporation processes and packages chicken for grocery stores. It purchases chickens from famers and processes them into two different products: chicken drumsticks and chicken steak. From a standard batch of 17,000 pounds of raw chicken that costs $9,400, the company produces two parts: 4,000 pounds of drumsticks and 5,000 pounds of breast for a processing cost of $6,868. The chicken breast is further processed into 4,200 pounds of steak for a processing cost of $3,000. The market price of drumsticks per pound is $1.65 and the market price per pound of chicken steak is $5.00. If Martin decided to sell chicken breast instead of chicken steak, the price per pound would be $2.60 Required: a-1. Allocate the joint cost to the joint products, drumsticks and breasts, using weight as the allocation base. (Round "Allocation rate" to 2 decimal places and other answers to the nearest dollar amount.) Allocation Rate x Weight of Base Allocated Cost Product 7,240 Drumsticks 4,000 1.81 x 5.000 9,050 Chicken breast 1.81 x 16,290 Total allocated cost