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. The joint costs for one batch are as

image text in transcribed
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 $70,500 35,000 Direct labor Overhead 25,000 At the split-off point, a batch yields 1,800 barlon, 2,600 selene, 2,500 plicene, and 3,700 corsol. All products are sold at the split-off point: barion sells for $16 per unit, selene sells for $23 per unit, plicene sells for $29 per unit, and corsol sells for $39 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 Barlon Selene Plicene Corsol Total (Note: The total of the allocated cost may not equal actual total costs to due to rounding.)

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

International Accounting A User Perspective

Authors: Suadagaran, Shahrokh M, Smith Lawrence Murphy

5th Edition

1531018661, 9781531018665

More Books

Students also viewed these Accounting questions

Question

The MTBF concept for software is open to criticism. Explain why?

Answered: 1 week ago

Question

1. How do most insects respire ?

Answered: 1 week ago