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Raap, Inc., is a large food-processing company. It processes 153,000 pounds of peanuts in the peanuts department at a cost of $219,200 to yield 10,000 pounds of product A, 60,000 pounds of product B, and 16,000 pounds of product C. (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: (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 by entering the appropriate amounts. Joint costs allocated i Figure * More Info Separable Costs Joint Costs $219,200 10,000 pounds Saltine Them ent Processing $300 Seu lemnul 10 ID pods 512/b Product Ais processed further in the salting department at a cost of $20,000. It yields 10,000 pounds of salted peanuts, which are sold for S12 per pound. Product B (raw peanuts) is sold without further processing at $6 per pound. - Product C is considered a byproduct and is processed further in the paste department at a cost of $11,200. It yields 16,000 pounds of peanut butter, which are sold for $12 per pound. Peanuts Department Processing of 152.000 6 Raw Peanuts 60.000 funds S5/1b Print Done Paste Department Processing $11.200 Peacul Bullet 16.000 pounds $12/03 16,000 pounds I Splitof Point Choose from any drop 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. 12 parts Print Done 13 remaining