Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows:

image text in transcribed

Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials Direct labor Overhead $72,000 37,000 25,500 At the split-off point, a batch yields 1,000 barlon, 2,700 selene, 2,600 plicene, and 3,300 corsol. All products are sold at the split-off point: barlon sells for $16 per unit, selene sells for $22 per unit, plicene sells for $25 per unit, and corsol sells for $39 per unit. Required: Allocate the joint costs using the sales-value-at-split-off method. If required, round allocation rates to four decimal places and round the final allocations to the nearest dollar. Barlon Selene Plicene Corsol Allocated Joint Cost $ 14,539 Total (Note: The total of the allocated cost may not equal actual total costs to due to rounding.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Recommended Textbook for

Advanced Financial Accounting

Authors: Theodore E. Christensen, David M. Cottrell, Richard E. Baker

10th edition

978-0078025624

Students also viewed these Accounting questions

Question

write a java program that count 1 - 7

Answered: 1 week ago

Question

9. Prove that I-n --2 Answered: 1 week ago

Answered: 1 week ago

Question

(d) Prove that 0 Answered: 1 week ago

Answered: 1 week ago