Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alomar Company manufactures four products from a joint production process barion, son, place, and corsol. The joint costs for one batch are as follows: Direct

image text in transcribed
image text in transcribed
Alomar Company manufactures four products from a joint production process barion, son, place, and corsol. The joint costs for one batch are as follows: Direct materials $71.991 Direct labor 34,514 Overhead 29,356 At the split-off point batch yields 1,705 barton, 2,552 Selene, 3,552 plicne, and 5,397 corsol. All products are sold at the split off point: balon salls for $16 per units for 21 pet plicene sells for $24 per unit, and corsol sells for $36 per unit. Required: 1. Allocate the Joint costs using the physical units method. If required, round your percentage allocation to four decimal places and round allocated conts to the rearut data were the total of the allocated cost does not equal to the one provided in the question data due to rounding error. Allocated Joint Cost Barlon Selene Plicene Corso 2. Suppose that the products are nighted as shown below 2. Suppose that the products are weighted as shown below: Barlon 1.1 Selene 1.9 Plicene 1.7 Corsol 2.6 Allocate the joint costs using the weighted average method. If required, round your percentage allocation to four decimal places and round allocated costs to the best dla Allocated Joint Cost Barion Selene Plicene Corsol Total

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions