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Raap Inc., is a large food-processing company. It processes158,000pounds of peanuts in the peanuts department at a cost of $249,300 to yield 25,000 pounds of product A,75,000 pounds of product B, and13,000pounds of product C.

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.

- X Figure Separable Costs Joint Costs $249,300 25,000 pounds Salting Department Processing $25,000 Salted Peanuts 25,000 pounds $10/1b Peanuts Department Processing of 158,000 lb Raw Peanuts 75,000 pounds $7/1b Paste Department Processing $11,000 Peanut Butter 13,000 pounds S8/1b 13,000 pounds Splitoff Point Print Done = Homework: Chapter 16 Homework Question 18, E16-31 (si... Part 1 of 14 HW Score: 45%, 9 of 20 points O Points: 0 of 1 O Save Raap, Inc., is a large food-processing company. It processes 158,000 pounds of peanuts in the peanuts department at a cost of $249,300 to yield 25,000 pounds of product A, 75,000 pounds of product B, and 13,000 pounds of product C. i (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 C by entering the appropriate amounts. Joint costs allocated Figure Requirements 1. Joint Costs $249,300 Separable Costs 25.000 pounds Salting Department Processing $25,000 Salted Peanuts 25,000 pounds 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. 2. $10/1b Peanuts Department Processing of 158,000 lb Raw Peanuts 75,000 pounds $7/1b Print Done Paste Department Processing Peanut Butter 13,000 pounds $8/1b 13,000 pounds $11,000 Splitoff Point Print Done Help me solve this Etext pages Get more neip Clear all Check

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