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 $61,500 Direct labor 31,000 Overhead 25,500 At the split-off point, a batch yields 2,000 barlon, 2,200 selene, 2,100 plicene, and 3,600 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $22 per unit, plicene sells for $30 per unit, and corsol sells for $38 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

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

More Books

Students also viewed these Accounting questions