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THE ANSWERS MENTIONED IN PART 2 ARE INCORRECT!! Physical Units Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and
THE ANSWERS MENTIONED IN PART 2 ARE INCORRECT!!
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 $63,138 Direct labor 37,559 Overhead 26,488 At the split-off point, a batch yields 2,052 barlon, 4,104 selene, 3,224 plicene, and 5,276 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $19 per unit, plicene sells for $25 per unit, and corsol sells for $37 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 $ 17,807 Selene 35,615 Plicene 27,978 Corsol 45,785 Total $ 127,185 2. Suppose that the products are weighted as shown below: Barlon 1.3 Selene 2.1 Plicene 1.4 Corsol 2.3 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 23,287 X Selene 37,618 x Plicene 25,079 X Corsol 41,201 X Total
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