Physical Units Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs...
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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
$66,126
Direct labor
33,989
Overhead
29,290
At the split-off point, a batch yields 2,213 barlon, 4,279 selene, 3,246 plicene, and 5,018 corsol. All products are sold at the split-off point: barlon sells for $18 per unit, selene sells for
$18 per unit, plicene sells for $24 per unit, and corsol sells for $37 per unit.
Required:
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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.
Allocated Joint Cost
Barlon
Selene
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Plicene
Corsol
Total
$
2. Suppose that the products are weighted as shown below:
Barlon
1.4
Selene
2.1
Plicene
1.3
Corso
2.3
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.
Allocated Joint Cost
Barlon
Selene
Plicene
Corsol
Total
$

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