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 $72,000 34,000 26,500 At the split-off point, a batch yields 1,200 barlon, 2,200 selene, 2,100 plicene, and 3,900 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $20 per unit, plicene sells for $29 per unit, and corsol sells for $40 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 Selene Allocated Joint Cost 9,606 20,725 X Plicene Corsol Total 28,686 X 73,480 X 132,500 ✔ (Note: The total of the allocated cost may not equal actual total costs to due to rounding.) Check My Work 0 more Check My Work uses remaining. Previous Next
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 $72,000 34,000 26,500 At the split-off point, a batch yields 1,200 barlon, 2,200 selene, 2,100 plicene, and 3,900 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $20 per unit, plicene sells for $29 per unit, and corsol sells for $40 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 Selene Allocated Joint Cost 9,606 20,725 X Plicene Corsol Total 28,686 X 73,480 X 132,500 ✔ (Note: The total of the allocated cost may not equal actual total costs to due to rounding.) Check My Work 0 more Check My Work uses remaining. Previous Next
Chapter1: Financial Statements And Business Decisions
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