Rabito, Inc., is a large food-processing company. It processes 156,000 pounds of peanuts in the peanuts department at a cost of $219,200 to yield 22,000 pounds of product A, 70,000 pounds of product B, and 17,000 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. i More Info - X method tl Figure te amour Joint Costs $219,200 Separable Costs Product A is processed further in the salting department at a cost of $40,000. It yields 22,000 pounds of salted peanuts, which are sold for $10 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 $12.200. It yields 17,000 pounds of peanut butter, which are sold for $6 per pound. 22.000 pounds Salcino Department Pue S4MI Sale Pannut 22.000 pounds 310/Ib Print Done l'eanuts Dupun Irumu a 136.000 h Raw Punnus Minnes $6/11 i Requirements Phire Department Processing $12,200 Peanut Butter 17,000 paunds Solb 17.000 pounds 1. Compute unit costs per pound for products A, B, and 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 treating all three as joint products and allocating joint costs by the NRV method. Split Point Print Done Print Done Enter any number in the arit file and then clink Chark Anwar Homework: Hwk Ch 16 - Allocations with Joint Costs Score: 0.1 of 1 pt 10 of 10 (10 complete) %E16-31 (similar to) Rabito, Inc., is a large food-processing company. It processes 156,000 pounds of peanuts in the peanuts department at a cost of $219,200 to yield 22,000 pounds of product A, 70,000 pounds of product B, and 17,000 pounds of product C. (Click the icon to view the information.) The company wants to make a gross margin of 10% marketing costs on product C. An overview of operat (Click the icon to view the overview.) Read the requirements. Requirements 0 Figure 1. Separable Costs - Joint Costs $219,200 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. 22,000 pounds Salting De Proces S40.0 2. Print Done Peanuts Department Processing of 156,000 lb i More Info Paste Der Proce S12 17,000 pounds Splitoff Point Product A is processed further in the salting department at a cost of $40,000. It yields 22,000 pounds of salted peanuts, which are sold for $10 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 $12,200. It yields 17,000 pounds of peanut butter, which are sold for $6 per pound. Print Done Print Done