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 $67,479 Direct labor 35,720 Overhead 22,192 At the split-off point, a batch yields 1,789 barlon, 3,165 selene, 3,440 plicene, and 5,366 corsol. All products are sold at the split-off point: barlon sells for $13 per unit, selene sells for $18 per unit, plicene sells for $28 per unit, and corsol sells for $35 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 Selene Plicene Corsol Total 2. Suppose that the products are weighted as shown below: Barlon 1.1 Selene 1.9 Plicene 1.7 Corsol 2.6 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_2

Step: 3

blur-text-image_3

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

Financial Accounting A Decision Making Approach

Authors: Thomas E. King, Valdean C. Lembke, John H. Smith

2nd Edition

0471328235, 978-0471328230

More Books

Students explore these related Accounting questions