Physical Units Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene,...

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Physical Units Method Alomar Company manufactures four products from a joint production process: barlon, selene, plicene,...

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	$73,371
Direct labor	34,634
Overhead	23,710

At the split-off point, a batch yields 1,494 barlon, 2,455 selene, 2,668 plicene, and 4,055 corsol. All products are sold at the split-off point: barlon sells for $16 per unit, selene sells for $19 per unit, plicene sells for $24 per unit, and corsol sells for $36 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:

Barlon	1.0
Selene	2.2
Plicene	1.6
Corsol	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	$

business accounting

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Answer 1

Answer #1

1.

	Allocated Joint Cost
Barlon	18439
Selene	30300
Plicene	32929
Corsol	50047
Total	131715

Working:

Product	Units	Percent of Total	Allocated Joint Cost
Barlon	1494	13.9993%	18439
Selene	2455	23.0041%	30300
Plicene	2668	25.0000%	32929
Corsol	4055	37.9966%	50047
Total	10672	100.0000%	131715

2.

	Allocated Joint Cost
Barlon	9604
Selene	34718
Plicene	27441
Corsol	59952
Total	131715

Working:

Product	Units	Weights	Weighted Units	Percent of Total	Allocated Joint Cost
Barlon	1494	1.0	1494	7.2913%	9604
Selene	2455	2.2	5401	26.3588%	34718
Plicene	2668	1.6	4269	20.8333%	27441
Corsol	4055	2.3	9327	45.5167%	59952
Total	10672		20490	100.0000%	131715

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Answer 2

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