Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. sales-value-at-split-off method alomar company man

Sales-Value-at-Split-off Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene,...

70.2K

Verified Solution

Question

Accounting

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 $70,500 Direct labor 36,000 Overhead 27,000 At the split-off point, a batch yields 1,500 barlon, 2,800 selene, 2,700 plicene, and 3,500 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $24 per unit, plicene sells for $25 per unit, and corsol sells for $37 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 $

Selene

Plicene

Corsol

Total $

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

In essay form : Describe Freud's theory of personality structure. What are the functions of the...

Psychology
Q

Consider the cost function C(Q) = 25000 + Q2 (or MC= 2Q) for Apple Inc. to...

Economics
Q

When switch is shifted from 1 to 2 current through R remains same in direction...

Physics
Q

In a certain game you roll two 4 sided dice to determine the number of...

Basic Math
Q

A cylinder and a sphere both have the same radius, 4. The height of the...

Basic Math
Q

Hi, pleas can you give me the answers of this questions and show...

Accounting
Q

!!!

Accounting
Q

Complete this question by entering your answers in the tabs below. Prepare a partial balance...

Accounting
Q

IFRS 15 provides guidance for the accounting for consideration received without the contract criteria being...

Accounting
Q

17. This year Ann has the following stock transactions. What amount is included in her...

Accounting
Q

Pink Corp. purchased a piece of land in 2022 for $1,000,000 and incurred the following...

Accounting
Q

Next year, a property will have a stabilized NOI $200,000 that is expected to increase...

Finance