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\begin{tabular}{l|l} Ramble,Inc.,isalargefood-processingcompany.Itprocesses159,000poundsofpeanutsinthepeanutsdepartmentatacostof$254,500toyield30,000poundsofproductA,78,000poundsofproductB,and15,000poundsofproductC.(Clicktheicontoviewtheinformation.) & Thecompanywantstomakeagrossmarginof10%ofrevenuesonproductCandneedstoallow20%ofrevenuesformarketingcostsonproductC.Anoverviewofoperationsfollows: \\ (Click the icon to view the overview.) \\ Read the requirements. \end{tabular} 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 C by entering the appropriate amounts. - Product A is processed further in the salting department at a cost of $24,000. It yields 30,000 pounds of salted peanuts, which are sold for $6 per pound. - Product B (raw peanuts) is sold without further processing at $8 per pound. - Product C is considered a byproduct and is processed further in the paste department at a cost of $14,000. It yields 15,000 pounds of peanut butter, which are sold for $7 per pound. 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. 2. 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

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