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 $63,000 Direct labor 33,000 Overhead 26,000 At the split-off point, a batch yields 1,300 barlon, 2,400 selene, 2,300 plicene, and 3,200 corsol. All products are sold at the split-off point: barlon sells for $15 per unit, selene sells for $21 per unit, plicene sells for $27 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.)

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 $63,000 Direct labor 33,000 Overhead 26,000 At the split-off point, a batch yields 1,300 barlon, 2,400 selene, 2,300 plicene, and 3,200 corsol. All products are sold at the split-off point: barlon sells for $15 per unit, selene sells for $21 per unit, plicene sells for $27 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.)

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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