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If required, round your percentage allocation to four decimal places and round allocated costs to the nearest dollar . My calculation is here, but i
If required, round your percentage allocation to four decimal places and round allocated costs to the nearest dollar. My calculation is here, but i don't know how to round those...
Physical Units Method 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 $63,270 Direct labor 38,399 Overhead 29,731 At the split-off point, a batch yields 2,406 barlon, 3,396 selene, 3,396 plicene, and 4,954 corsol. All products are sold at the split-off point: barlon sells for $12 per unit, selene sells for $18 per unit, plicene sells for $24 per unit, and corsol sells for $34 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 the question data due to rounding error of the allocated cost does not equal to the one provided Allocated Joint Cost 11,160 X Barlon Selene 23,628 X Plicene 31,536 65,107 X Corsol $131,400 Total DM 63270 38399 DL 29731 |TAL 131400 Product selling price sales value weights allocation cost joint cost qty barlon 28872 2406 12 0.0849 131400 11160 selene 3396 18 61128 0.1798 131400 23628 picene 3396 24 81504 0.2398 131400 31504 corsol 4954 34 168436 0.4955 131400 65107 131400 total 339940Step by Step Solution
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