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 $61,875 Direct labor 37,739 Overhead 23,422 At the split-off point, a batch yields 2,273 barlon, 3,877 selene, 3,476 plicene, and 3,742 corsol. All products are sold at the split-off point: barlon sells for $14 per unit, selene sells for $19 per unit, plicene sells for $25 per unit, and corsol sells for $33 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: 2. Suppose that the products are weighted as shown below: Barlon 1.3 Selene 2.2 Plicene 1.5 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

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

Auditing And Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

9th International Edition

1266285997, 978-1266285998

More Books

Students also viewed these Accounting questions

Question

What are the APPROACHES TO HRM?

Answered: 1 week ago