Question
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
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 | $67,500 |
Direct labor | 35,000 |
Overhead | 25,500 |
At the split-off point, a batch yields 1,900 barlon, 3,200 selene, 3,100 plicene, and 3,700 corsol. All products are sold at the split-off point: barlon sells for $18 per unit, selene sells for $20 per unit, plicene sells for $26 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 | $fill in the blank 1 | |
Selene | fill in the blank 2 | |
Plicene | fill in the blank 3 | |
Corsol | fill in the blank 4 | |
Total | $fill in the blank 5 |
(Note: The total of the allocated cost may not equal actual total costs to due to rounding.)
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