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 Direct labor Overhead $75,000 38,000 26,000 At the split-off point, a batch yields 1,800 barlon, 2,400 selene, 2,300 plicene, and 3,100 corsol. All products are sold at the split-off point: barlon sells for $16 per unit, selene sells for $22 per unit, plicene sells for $28 per unit, and corsol sells for $35 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. Barlon Allocated Joint Cost 15,730 X Selene 28,841 X Plicene 35,168 X 59,284 X X 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 Direct labor Overhead $75,000 38,000 26,000 At the split-off point, a batch yields 1,800 barlon, 2,400 selene, 2,300 plicene, and 3,100 corsol. All products are sold at the split-off point: barlon sells for $16 per unit, selene sells for $22 per unit, plicene sells for $28 per unit, and corsol sells for $35 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. Barlon Allocated Joint Cost 15,730 X Selene 28,841 X Plicene 35,168 X 59,284 X X 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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