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(Solution Download) Exercise 7.25 (Algorithmic) Physical Units Method Alomar Company manufactures four products from a j


 

 

 

 

 

 

 

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 labor33,068
Overhead27,220

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated Joint

 

Cost

Barlon$
Selene
Plicene
Corsol
Total$

 

2. Suppose that the products are weighted as

 

shown below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Barlon1.4
Selene2.2
Plicene1.2
Corsol2.4

 

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.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Allocated Joint

 

Cost

Barlon$
Selene
Plicene
Corsol
Total$

 

 


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