Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Sales - Value - at - Split - off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol.

Sales-Value-at-Split-off 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 $75,000
Direct labor
38,000
Overhead
26,000
At the split-off point, a batch yields 1,800 barlon, 2,400 selene, 2,300 plicene, and 3,100 corsol. All products are sold at the split-off point: barlon sells for $16 per unit, selene sells for $22 per unit, plicene sells for $28 per unit, and corsol sells for $35 per unit.
Required:
Allocate the joint costs using the sales-value-at-split-off method. If required, round allocation rates to four decimal places and round the final allocations to the nearest dollar.
Allocated Joint Cost
\table[[Barlon,$72,443,x
image text in transcribed

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

Frank Woods Business Accounting

Authors: Frank Wood. Sangster, Alan

12th Edition

0273759280, 9780273759287

More Books

Students also viewed these Accounting questions

Question

Conduct an effective performance feedback session. page 376

Answered: 1 week ago