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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
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 $
Direct labor
Overhead
At the splitoff point, a batch yields barlon, selene, plicene, and corsol. All products are sold at the splitoff point: barlon sells for $ per unit, selene sells for $ per unit, plicene sells for $ per unit, and corsol sells for $ per unit.
Required:
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
Selene fill in the blank
Plicene fill in the blank
Corsol fill in the blank
Total $fill in the blank
Suppose that the products are weighted as shown below:
Barlon
Selene
Plicene
Corsol
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
Selene fill in the blank
Plicene fill in the blank
Corsol fill in the blank
Total $fill in the blank
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