Question
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 |
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