Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribedimage text in transcribed

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 $70,236 Direct labor 38,174 Overhead 28,363 At the split-off point, a batch yields 1,980 barlon, 3,395 selene, 3,819 plicene, and 4,952 corsol. All products are sold at the split-off point: barlon sells for $16 per unit, selene sells for $21 per unit, plicene sells for $28 per unit, and corsol sells for $34 per unit. 2. Suppose that the products are weighted as shown below: Barlon 1.0 Selene 2.0 Plicene 1.6 Corsol 2.3 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 Selene Plicene Corsol Total

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

Recommended Textbook for

The Routledge Companion To Fair Value In Accounting

Authors: Gilad Livne

1st Edition

0367656132, 9780367656133

More Books

Students also viewed these Accounting questions