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 | $70,500 |
Direct labor | 33,000 |
Overhead | 27,000 |
At the split-off point, a batch yields 1,000 barlon, 2,600 selene, 2,500 plicene, and 3,400 corsol. All products are sold at the split-off point: barlon sells for $15 per unit, selene sells for $20 per unit, plicene sells for $28 per unit, and corsol sells for $40 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.
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 |
(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
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started