Problem 1: Walters Company (Joint Costs) Each week Walters Company produces 15,000 pounds of Product A and 30,000 pounds of Product B by incurring a joint cost of $400,000. Information regarding additional processing costs and selling prices is provided below: Product A Product B Additional processing cost $50,000 $45,000 Selling price per pound $15 $11 (a) Using the approximate relative sales value method, determine the joint cost allocated to each product. (0.5 point) (b) If these two products can be sold as is at the split-off point or processed further. Further processing of either product does not delay the production of subsequent batches of the joint product. Data regarding these two products are as follows: Product A Product B Additional processing cost (APC) $50,000 $45,000 Selling price per pound without further processing $12 $9 Selling price per pound with further processing $15 $11 To maximize Walters Company's manufacturing contribution margin, how much APC should be incurred each week? (1 point)