Question: Here is my calculation, I don't know how to round those answer... Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon,
Here is my calculation, I don't know how to round those answer...
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:

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 $64,500 Direct labor 35,000 Overhead 27,000 At the split-off point, a batch yields 1,000 barlon, 2,800 selene, 2,700 plicene, and 3,000 corsol. All products are sold at the split-off point: barlon sells for $16 per unit, selene sells for $20 per unit, plicene sells for $25 per unit, and corsol sells for $38 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 $ 7,984 X Selene 27,945 Plicene 33,683 x Corsol 56,888 x Total $ 126,500 (Note: The total of the allocated cost may not equal actual total costs to due to rounding.) qty 16 Product barlon selene picene corsol selling price sales value weights 1000 16000 6.3116% 2800 56000 22.0907% 2700 67500 26.6272% 3000 38 114000 44.9704% 253500 weights allocation cost 0.0631 7984 0.2209 27945 0.2663 33683 0.4497 56888 126500 DM DL 64500 35000 27000 126500 TOTAL
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
