WORKING NOTES: 1 | |||||
CALCULATION OF TOTAL COST JOINT PRODUCTS | |||||
Direct Material | $75,000 | ||||
Direct Labor | $37,000 | ||||
Overhead | $27,000 | ||||
Total | $1,39,000 | ||||
WORKING NOTES: 2 | |||||
CALCULATION OF TOTAL SALES AND RATIO OF ALL 4 PRODUTCS | |||||
Sales Value | Ratio | ||||
Barlon (2000 Units X $ 17) | $34,000 | 11.22% | |||
Selene (3000 units X $ 24) | $72,000 | 23.76% | |||
Placence(2900 Units X $ 26) | $75,400 | 24.88% | |||
Corsol (3200 Units X $ 38) | $1,21,600 | 40.13% | |||
Total | $3,03,000 | 100.00% | |||
SOLUTION : | |||||
ALLOCATION OF JOINT COST | |||||
Barlon ( $ 139,000 x 11.22%) | $15,597 | ||||
Selene ($ 139,000 X 23.76% ) | $33,030 | ||||
Placence($ 139,000 x 24.88%) | $34,589 | ||||
Corsol ( $139,000 x 40.13%) | $55,783 | ||||
Total | $1,39,000 | ||||
Vest Softhed Amar Company manufactures for products from a joint production process: barton, see picene, and...
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 $69,000 Direct labor 35,000 Overhead 26,000 At the split-off point, a batch yields 1,000 barlon, 2,600 selene, 2,500 plicene, and 3,600 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $23 per unit, plicene sells for $27 per unit, and corsol sells for...
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 $69,000 Direct labor 35,000 Overhead 26,000 At the split-off point, a batch yields 1,000 barlon, 2,600 selene, 2,500 plicene, and 3,600 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $23 per unit, plicene sells for $27 per unit, and corsol sells for...
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 $69,000 Direct labor 35,000 Overhead 26,000 At the split-off point, a batch yields 1,000 barlon, 2,600 selene, 2,500 plicene, and 3,600 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $23 per unit, plicene sells for $27 per unit, and corsol sells for...
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 $63,000 Direct labor 30,000 Overhead 25,000 At the split-off point, a batch yields 1,600 barlon, 2,600 selene, 2,500 plicene, and 3,600 corsol. All products are sold at the split-off point: barlon sells for $15 per unit, selene sells for $22 per unit, plicene sells for $29 per unit, and corsol sells for...
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 $62,460 Direct labor 34,046 Overhead 24,046 At the split-off point, a batch yields 1,921 barlon, 2,668 selene, 2,561 plicene, and 3,522 corsol. All products are sold at the split-off point: barlon sells for $16 per unit, selene sells for $20 per unit, plicene sells for $24 per unit, and corsol sells...
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 $73,659 Direct labor 37,301 Overhead 22,246 At the split-off point, a batch yields 1,589 barlon, 4,189 selene, 3,467 plicene, and 5,201 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $20 per unit, plicene sells for $27 per unit, and corsol sells...
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 $73,659 Direct labor 37,301 Overhead 22,246 At the split-off point, a batch yields 1,589 barlon, 4,189 selene, 3,467 plicene, and 5,201 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $20 per unit, plicene sells for $27 per unit, and corsol sells...
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 $73,659 Direct labor 37,301 Overhead 22,246 At the split-off point, a batch yields 1,589 barlon, 4,189 selene, 3,467 plicene, and 5,201 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $20 per unit, plicene sells for $27 per unit, and corsol sells...
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...
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 31,000 Overhead 25,500 At the split-off point, a batch yields 1,700 barlon, 2,900 selene, 2,800 plicene, and 3,600 corsol. All products are sold at the split-off point: barlon sells for $17 per unit, selene sells for $21 per unit, plicene sells for $28 per unit, and corsol sells for...