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 CostBarlonSelenePliceneCorsolTotal(Note: The total of the allocated cost may not equal actual total costs to due to rounding.) Sales-Value-at-Split-off MethodAlomar 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$75,000Direct labor30,000Overhead25,500At the split-off point, a batch yields 1,200 barlon, 2,400 selene, 2,300 plicene, and 3,700 corsol. All products are sold at the split-off point: barlon sells for $18 per unit, selene sells for $21 per unit, plicene sells for $25 per unit, and corsol sells for$36 per unit.

Split off point: A particular point at which joints products are separated is known as split off…

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

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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.)

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
30,000
Overhead
25,500
At the split-off point, a batch yields 1,200 barlon, 2,400 selene, 2,300 plicene, and 3,700 corsol. All products are sold at the split-off point: barlon sells for $18 per unit, selene sells for $21 per unit, plicene sells for $25 per unit, and corsol sells for
$36 per unit.

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