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: Direct

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 $72,495
Direct labor 37,751
Overhead 28,168

At the split-off point, a batch yields 1,706 barlon, 2,308 selene, 2,208 plicene, and 3,814 corsol. All products are sold at the split-off point: barlon sells for $15 per unit, selene sells for $21 per unit, plicene sells for $25 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 costs to the nearest dollar. Note: 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 $fill in the blank 1
Selene fill in the blank 2
Plicene fill in the blank 3
Corsol fill in the blank 4
Total $fill in the blank 5

2. Suppose that the products are weighted as shown below:

Barlon 1.3
Selene 1.8
Plicene 1.4
Corsol 2.7

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 nearest dollar.

Allocated Joint Cost
Barlon $fill in the blank 6
Selene fill in the blank 7
Plicene fill in the blank 8
Corsol fill in the blank 9
Total $fill in the blank 10

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