Exercise 7.25 (Algorithmic) Physical Units Method
Exercise 7.25 (Algorithmic)
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 |
$67,338 |
| Direct labor |
33,068 |
| Overhead |
27,220 |
At the split-off point, a batch yields 2,976 barlon, 3,274 selene, 3,423 plicene, and 5,209 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $18 per unit, plicene sells for $25 per unit, and corsol sells for $35 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.
| Â |
Allocated Joint Cost |
| Â |
| Barlon |
$ |
 |
| Selene |
 |
 |
| Plicene |
 |
 |
| Corsol |
 |
 |
| Total |
$ |
 |
2. Suppose that the products are weighted as shown below:
| Barlon |
1.4 |
| Selene |
2.2 |
| Plicene |
1.2 |
| Corsol |
2.4 |
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.
| Â |
Allocated Joint Cost |
| Â |
| Barlon |
$ |
 |
| Selene |
 |
 |
| Plicene |
 |
 |
| Corsol |
 |
 |
| Total |
$ |
 |
Answers
Status NEW
Posted 18 Jun 2017 07:06 AM
My Price 7.00
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Attachments
file 1497770081-938970_1_636333448320445945_Joint-cost-allocation-physical.xlsx preview (155 words )
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