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

  1. 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 $64,581
    Direct labor 36,854
    Overhead 24,940

    At the split-off point, a batch yields 1,315 barlon, 3,024 selene, 3,549 plicene, and 5,258 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 $25 per unit, and corsol sells for $32 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 $fill in the blank 1
    Selene fill in the blank 2
    Plicene fill in the blank 3
    Corsol fill in the blank 4
    Total $fill in the blank 5

    2. Suppose that the products are weighted as shown below:

    Barlon 1.1
    Selene 2.1
    Plicene 1.7
    Corsol 2.5

    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 $fill in the blank 6
    Selene fill in the blank 7
    Plicene fill in the blank 8
    Corsol fill in the blank 9
    Total $fill in the blank 10

Solutions

Expert Solution

Part-1 Allocation of Joint Cost using Physical unit Method- Alomar Company
Joint Product Yield Qty (a) Proportion (b) Joint Costs (c ) Allocation (b*c)
Barlon 1315 10% $126,375.00 $12,641.35
Selence 3024 23% $126,375.00 $29,070.29
Plicene 3549 27% $126,375.00 $34,117.21
Corsol 5258 40% $126,375.00 $50,546.15
Tototals 13146 126375
Part-2 Allocation of Joint Cost using WA Method
Joint Product Yield Qty (a) Weight Factor (b) Weighted Qty
(c=axb)		 Weight Percent (d) Joint Costs (e ) Allocation (d*e)
Barlon 1315                                            1.10                            1,446.50 5% $126,375.00 $6,776.65
Selence 3024                                            2.10                            6,350.40 24% $126,375.00 $29,750.73
Plicene 3549                                            1.70                            6,033.30 22% $126,375.00 $28,265.16
Corsol 5258 2.5                         13,145.00 49% $126,375.00 $61,582.47
Tototals 13146                         26,975.20 $126,375.00

ekkarill92 answered 2 years ago
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