This video tackled how to allocate joint costs using the physical measure allocation. This method is helpful in allocating joint cost to products that have highly variable selling prices however, the downside would be it ignores the ability of individual joint products to generate revenue. The illustration provided makes it easier for me to understand the computation part and the journal entries when recording joint processing costs, allocating joint processing costs to each product, and the separate processing costs. Thank you, Sir A!
As I watched the video, I learned that, based on a physical feature, such as units produced, pounds or tons produced, barrels produced, or some other physical measure that is appropriate for the level of output of the primary goods, the physical measure distributes joint costs to the primary products. Thank you, Sir A!
This video lecture taught me how to allocate joint costs using the physical measure. As stated in the previous lecture, the cost will only be distributed on primary products and not on by products. Cost per physical measure is calculated by dividing the total joint cost by the total units of physical measurement (of primary products), and allocated cost is calculated by multiplying tons produced by the cost per ton. The illustration provided helped me understand the process better. Thank you, Sir!
We employ the physical measure allocation by using a common physical characteristic of the joint products, such as quantity, to measure the joint cost at the split-off point. The disadvantage of this approach is that it ignores the potential of each joint product to generate revenue, as the product with the higher quantity will bear a greater share of the overall cost. I was able to understand the example provided to illustrate the joint process. Thank you for this, Sir A!
I discovered that one can utilize physical measurements to allocate the shared cost of production to the shared items. Physical measurement is a simple and objective method since it treats each product unit equally while providing a steady yardstick of output across time. It is essential in rate-regulated businesses that use cost to determine selling prices as it aids in allocating joint costs to goods with highly variable selling values. Thank you sir A.
In this video lecture, I've learned that the Physical Measure Cost allocation is based on physical characteristics such as kilos, liters, etc., and the formulas I've learned and taken note of are cost per physical measure = total joint cost divided by total units of physical measure, total allocated cost = tons produced multiply by the cost per ton, and gross profit at split-off = revenue at split-off subtracted by cost at split-off. Marketing costs aren't recorded until the product is sold. Thank you, Sir A, for the thorough explanation and illustration.
In this video lecture, I learned about the Physical Measure and how it is used. I learned that physical characteristics are used to allocate costs. I also knew that although it has high variable selling prices, it ignores the revenue-generating ability of individual joint products. Thank you, Sir A!
In this video lecture, I've learned about join cost allocation using physical measure. It allocates joint costs incurred to primary or joint products on the basis of physical characteristics such as units produced, raw materials weight, linear-measure volume or some other physical measure that is appropriate for the volume of output of the joint products. The provided illustrations helps me understand more the process of allocating joint costs under physical unit method. Thank you po, Sir A!
This video lecture helped me to better understand the idea of allocating physical measures. I discovered that it is a simple, accurate method for dividing joint costs at the split-off point and that it may be used to allocate joint costs to products with highly variable selling prices. Thank you, Sir A.
This lecture explains that Physical Measure allocates joint costs to the main or primary products based on their physical characteristics such as the kilos of the products produced, the volume of the products produced, the barrel of the products produced, and any other physical measure of the primary products. Physical measures have highly variable selling prices, however, it ignores the revenue-generating ability of individual joint production. The given illustration helped a lot to make this lecture easier to understand. Thank you for this well-explained lecture, sir!
I learned about joint cost allocation in this video lecture. Physical measure allocation is an easy, objective way to prorate joint cost at the split off point. It is helpful for allocating joint cost to products that have highly variable selling prices, but using this method ignores the ability of individual joint products to generate revenue because the physical measure is the one being taken into account. Thank you, Sir A!
I have learned in this video that Physical measure allocation is helpful in allocating joint cost to a product that has a highly variable selling price and., that the products with a large quantity or weigh the most will receive the highest proportion of allocation. I also learned the journal entries in about joint process. Thank you for this lesson, Sir A!
Physical measures are useful in allocating joint cost to products that have highly variable selling prices. Allocating joint cost based on a physical measure, however, ignores the revenue-generating ability of individual joint products. Products that weigh the most or that are produced in the largest quantity will revive the highest proportion of joint cost allocation - regardless of their ability to bear the cost when they are sold. Thank you, Sir A!
Good Day, Sir A! I learned in this video lecture the proper way of allocating the joint products with its corresponding measurement. The illustration of Harking Poultry makes the video lecture more easy to identify how cost will be allocated with the use of Physical Measure. And, the journal entries as well to make the computation more proper. Thank you po!
After watching this video lecture, I have learned how primary products and process further products are different by illustrating the table. I also learned what is the definition of physical measure allocation and some of its common features. I have learned how to create journal entries in joint cost allocation. The illustration helps me understand how tons of turkey were allocated to joint product and by-product. Thank you, sir A!
I learned in this video lecture that in physical measure allocation, there is also downward allocation which ignores the capacity of a company to generate revenue. I also learned how to solve the joint products using physical measure allocation. Thank you, Sir A!
After watching this lecture, I have learned the process of allocating joint costs under physical measure allocation. Physical measure allocation uses the physical characteristic of the products to allocate the cost such as the meters, kilos, liters, tons, etc. The sample problem helped me to learn the concept more as it showed how it affects the cost of the products like the effect of it that the lowest gross profit will be from the product with the lowest selling price due to the equally distributed cost. Also, I learned how to do journal entries in this process. Thank you, Sir A.
The allocation of joint costs can be done through either physical or monetary measures. In this video, it only focused on the former. Physical measure allocation uses the shared physical properties of associated items to prorate. This makes it easier to allocate joint costs to goods with widely fluctuating selling prices. However, it disregards the ability of individual joint goods to generate revenue. Outputs that weigh the most or that are produced in the largest quantity will receive the highest proportion of joint cost allocation, regardless of their capacity to bear the cost when they are marketed. Moreover, providing an illustration helped me better understand PMA. Thank you for this, Sir A!
Joint cost allocation (JCA) using physical measure pertains to the use of a product's physical characteristics such as kilos, meters, and many more. Thank you for this, Sir A!
In joint costing, there are two types of cost allocation: (1) physical measure allocation and (2) monetary measure approach. In this video lecture, I learned about the physical measure approach. The physical measure approach is a proration that uses a common physical characteristic of joint products (e.g., weight of the meat, measure of length of a product, etc.). I also find out that this approach is useful in allocating joint cost products that have highly variable selling prices, however, it ignores the revenue-generating of individual joint products. Thank you, Sir A!
In this video lecture, I learned about joint cost allocation using physical measure. Physical Measure Allocation is how the physical characteristics of a collection of items that are shared are used. I also found out that the costs for the joint products made before the split-off point have to be split. I also found that using the physical characteristics that all joint products have in common makes physical measure allocation a simple and objective method for determining out how to split it up joint costs at the point from which they are split. Thank you, Sir A!
I learned that in allocating the joint cost of production to the joint products, one may use physical measure. The physical measure is an easy and objective method as it provides a constant yardstick of output over time with equal treatment for each product unit. It helps allocate joint costs to products with highly variable selling values and is also crucial in rate-regulated enterprises that utilize cost in identifying selling prices. Thank you for the video lecture, sir!
The video lectured about one of the classification of allocating joint costs which is the Physical Measure Allocation. I learned that in this method, we allocate the costs using physical characteristics of joint products and ignore the revenue-generated ability of each product. With the given illustration with a step-by-step procedure, I easily get how this method works. Also, the formulas given were such a big help. Thank you for this, Sir A!
I learned the concepts and computation for the allocation of joint costs using physical measurement. The physical measure is useful, especially for products that have highly variable selling prices, however, it ignores the capacity of joint products to generate revenue. To compute the cost per physical measure, divide the total joint cost by the total units of physical measurement, and multiply the answer by the number of produced to get the joint allocation cost. We also have revenue at split-off less the cost of split-off to calculate the gross profit at split-off. Thank you for this lecture video, Sir A!
Thank you sir A sa video na ito, mas lalo kong naunawaan ang konsepto ng joint costing. Madali ko kasing nasundan ang mga hakbang sa pag-allocate ng joint cost gamit ang physical measure sa tulong ng illustration. Dito ay nalaman din na suitable ang physical measure method sa mga produkto na may highly variable selling prices pero iyong downside naman nito ay hindi nako-consider ang revenue-generating ability ng bawat produkto.
I have learned in this video lecture that Physical measure allocation is useful in allocating joint cost to a product that has a highly variable selling price. Hence, products that weigh the most or with a large quantity will receive the highest proportion of allocation. In computing the cost per physical measure, divide the total joint cost by the total units of physical measure. And to appreciate the concept, the illustrated problem was a big help to understand the concept. Lastly, i have learned also the journal entry in actual problems using the previous concept that has been tackled. Thank You, Sir A!
Through this video, I learned all about join cost allocation using physical measure wherein physical characteristics of the join products are of the essence. The downside of physical measure is that it ignores the revenue-generating ability of individual joint products for it only accounts its physical appearance such as weights and quantities. Thank you sir A! This is a well-explained lecture once again.
In this video, I learned about joint cost allocation using physical measure. This method makes use of the common physical characteristic of the joint products to properly prorate the cost at split-off point. I also understood the topic better through the illustration provided. Thank you, sir!
The physical measure allocation method uses a common physical characteristic of the joint outputs in assigning costs. The disadvantage of this method is that it does not take into account the ability of the specific joint product to generate revenue. The cost allocated for each joint product is calculated by dividing the total joint processing cost by the total units produced. Thank you for this illustration, Sir A!
Thank you for this lecture, Sir A! I have finally understood the process of using Physical Measure allocation for Joint costing. As its definition states, it is an easy to prorate joint costs at the split-off point. It is simply multiplying the tons produced by the different products by the computed cost per ton to get the total allocation costs. There are also different Journal entries using physical measures when recording the joint processing cost, allocating the joining processing cost, and the separate processing costs. All of which uses the WIP Inventory account for each product.
I have now properly understood how to use physical measure allocation for joint costing. I realized that allocating joint costs by physical measures is equivalent to prorating joint costs at the split-off point using the physical attributes of the joint products. Adding the tons produced by the various items together will yield the overall allocation costs. The individual processing costs, the joining processing costs, and the joint processing costs are all recorded in various Journal entries using physical measurements. Each product's WIP Inventory account is used in all of these instances. Thank you, sir, for this informative video lecture.
I learned about the Physical Measure Allocation wherein the quantity or volume is the basis on allocating the costs. It has a high variable selling price, but it has a disadvantage that revenue producing ability of the is not ignored. I also learned how to compute the cost per physical measure, and the corresponding journal entries in joint costing using the physical measure allocation. Thank you for this lecture, Sir A!
Joint cost allocation allocates primary products using common physical characteristics such as kilos, liters, meters, and any other physical measure. This measure has highly variable selling prices, however, it ignores the ability of individual joint products to generate revenue. Thank you, Sir A!
In this video lecture, I was able to understand the allocation of joint costing using the physical measure. Physical Measure Allocation is an easy and objective way to prorate joint cost at the split-off point, this is useful to products that have highly variable selling prices, and this ignores the revenue generating ability of single joint products. In addition, to get the cost per physical measure, we simply divide the total joint cost by the total units of physical measurement. The video lecture also shows and I also learned how to get the total allocated cost and the gross profit at split-off. Lastly, I was able to know the different journal entries in physical measure, such as recording and allocating of joint processing cost and recording of separate processing costs. Thank you, Sir A!
I learned more about our topic, Sir A, through this video lecture. Joint products that will be produced or finished after the split point must share certain costs, which are called to as joint costs. The utilization of a group of shared items' physical attributes is referred to as physical measurement allocation. I recorded the formulas in my notes so I could utilize them for quick computation. Furthermore, I now know that shared costs are only allocated to the primary items, leaving out the by-products. Thank you, Sir A!
I gained knowledge about the physical measure allocation from this video lesson. Joint costs, which must be split among the joint products that will be produced or finished after the split point, are costs that are referred to as such. Physical Measure Allocation refers to the application of a collection of shared items' physical characteristics. I am aware that the shared cost will only be split among the primary items, leaving out the by-products. Also, when recording the joint processing cost, assigning the joint processing cost, and recording the separate processing cost, there are many journal entries that use physical measurements. Each product's WIP inventory account is used in all of these instances. Thank you, Sir A, for this video lecture.
Physical measure allocation of joint cost is used with physical characteristics of the joint products such as the weight, length, numbers, or volume. It is essential in allocating joint costs to products that have highly variable selling prices, however, it ignores the revenue-generating ability of individual joint products. Thank you, Sir A, for the brief and informative video.
In this video, I have learned about the first method of prorating joint costs to primary products, which is the Physical Measure Allocation which refers to the proration of costs based on the physical characteristics of the products which makes the products with most weight/largest quantity receiving the highest portion of the joint cost. Thank you po, Sir A!
I was able to learn that costs that are referred to as joint costs must be split among the joint items that will be produced or finished after the split point. Physical Measure Allocation is the use of the physical characteristics or properties of a group of shared products. Noting that the joint cost will only be distributed among the primary products, excluding by-products. Thank you for this video lecture, Sir A!
Thank you for this video lecture, Sir A. I learned about joint cost allocation using physical measure. I also learned that joint cost are need to allocated to the main joint products produced before the split-off point. and I discovered that physical measure allocation is an easy and objective way to prorate joint costs at the split-off point using common physical characteristics of joint products.
In this video lecture, the Joint cost allocation using physical measure was explained precisely. I have learned that Physical measure is useful in allocating unit costs to products that have highly variable selling prices, and yet, the downside of using this measure is that it does not consider the revenue-generating capacity of the individual joint products. Also, it is indeed important to consider all the possible costs to be computed. Thank you, sir A!
Joint cost allocation based on physical measure used common physical characteristics to allocate the cost among the primary products. This allocation simply focused on the quantities produced rather than the capacity of products to generate revenue. The illustration was very helpful in understanding the concept of this measure allocation. Thank you for this video lecture, Sir.
In this video lecture, I learned more about physical measure allocation and learned that it refers to the proration of joint costs at the split-off point using the physical characteristics of the joint products. Adding the tons produced by the various goods together will yield the total allocation costs. Thank you Sir A! ^^
Physical Measure allocation is the division of cost at split off point, using physical characteristics of joint products like kilos, meters, and numbers. I also learned that Physical Measure allocation is useful in allocating joint cost to products that have high variable selling prices, but it ignores revenue generating ability of an individual joint product. Thank you po, sir A!
Thank you very much for another great video lecture, Sir. A! Through this vidlec, I learned that Physical Measure Allocation is the division of cost at split off point, using physical characteristics of joint products like numbers, kilos or meters. It is also the utilization of a group of items that have similar physical properties. The drawback of utilizing this measure, as I have learned, is that it does not take into account the ability of the various joint products to generate income. Physical measure is effective in allocating unit costs to items that have highly fluctuating selling prices.
I found that in this method, we allocate costs based on the physical characteristics of joint products while ignoring each product's ability to generate revenue. Simply multiply the tons generated by the various goods by the calculated cost per ton to get the total allocation costs. Thank you for this lecture, sir A!
This video taught me the procedure for allocating Physical Measures for Joint costing. According to its definition, it is simple to prorate joint costs at the point of separation. To determine the total allocation costs, multiply the tons produced by the various products by the calculated per-ton price. There are also distinct Journal entries for recording the joint processing cost, allocating the joining processing cost, and recording the separate processing costs using physical measures. For each product, the WIP Inventory account is used. Thank you, Sir!
I have now fully grasped how to use physical measure allocation for joint costing. As stated in its definition, prorating joint costs at the split-off point is simple. The tons produced by the various goods are simply multiplied by the calculated cost per ton to obtain the overall allocation costs. The individual processing costs, the joining processing costs, and the joint processing costs are all recorded in various Diary entries using physical measurements. For each product, the WIP Inventory account is used. Thank you, sir A!
As the video lesson progressed, I learned more about Physical Measure Allocation. I discovered that the proration of joint costs at the split-off point using the physical characteristics of the joint products is the allocation of joint costs using physical measurements. To obtain the total allocation costs, just multiply the tons generated by the various goods by the calculated cost per ton. Thank you, sir, for this lecture.
Physical measure use a common physical characteristic of the joint products for its cost allocation. It has a highly variable selling prices but the downside is that it ignores the revenue-generating ability of individual joint products. I have also learned how to calculate the cost per physical measure wherein the total joint cost is divided by the total units of physical measurement. I also learned the journal entries when using joint process costing. Thank you, Sir A!
Two allocations, physical measure and monetary measure, were described to me in the preceding video lesson on process costing. Allocation using Physical Measure is the main topic of this video. Although physical measures can be helpful for products with widely varying selling prices, this approach ignores the revenue-generating ability of individual joint products. Due to the presented example, I can better grasp the computation required for recording joint processing costs, distributing joint processing costs to individual products, and recording separate processing costs. Thank you po, Sir A!
After watching the video, I learned about joint cost allocation by physical measure allocation. I also discovered that the joint products created before the split-off point require the allocation of joint costs. I also found that using the common physical characteristics of joint products allows physical measure allocation to provide a simple and objective technique to prorate joint costs at the split-off point. Thank you for this lecture, Sir A!
This video lecture focuses on the joint cost allocation using physical measures, a technique for dividing up the total costs of a production process across several products depending on some sort of physical consumption or output measure. When the manufacturing process produces two or more products and it is difficult to assign expenses to each one separately, the approach is utilized. The total joint cost must be divided by the total number of physical measures in order to calculate the cost per physical measure. The sample transaction was a huge help to me in understanding the topic. Thank you, Sir A.
Done Watching Sir A, In the previous vid lecture it is said that there are two common methods of allocating Joint Cost to Joint products; Physical and Monetary Measure. This vid lecture tackles the Physical Measure Allocation. Physical Measure is based on physical measure or physical characteristic and process is treating each unit of product equally desirable. This method is useful in allocating joint cost to products that have highly variable selling prices however it ignores the revenue- generating ability of the individual joint product. Thanks Sir A for the illustration that made me more understand how to calculate the cost per physical measure.
In Joint Costing, costs are allocated only to the primary or main products. There are also 2 measures of allocation: Physical and Monetary. The first one prorates cost at the split-off point by using a common physical characteristic of the joint product (ex.: kilos of meat, liters of milk, barrels of oil). This measure is useful when we are allocating costs to products which have highly variable selling prices. Thank you, Sir A!
In this video, I learned to allocate joint cost using physical measure. In physical measure, the cost is allocated based on the common physical characteristics of the joint products like kilograms, liters and meters. Thak you for the video sir A!
The application of Physical Measure or a shared physical characteristic of the joint products, the allocation of joint costs was discussed here. By using this method, simply divide the total joint cost by the total units of the principal product to determine the cost allocated. The benefit, drawback, and journal entries were also emphasized. Moreover, costs were indicated, which would only be taken into consideration when the products had been sold. Thank you for this video lecture, Sir A!
In this video lecture, I learned about the allocation of joint costs according to the physical measure of joint products. The cost per physical measure can be computed by dividing the total joint cost by the total units of physical measurement. The example was very helpful in understanding this lesson. Thank you, Sir A!
Upon watching the video lecture, I learned how the joint costs are being allocated in the joint product under the physical measure. Here, physical characteristics of the goods become the basis for the proportion of joint costs, like the number of kilos, liters, or meters. I guess, the computation for this one is not that complicated. Based on the illustration, we just need to divide the joint cost by the total product produced, and then the quotient will be multiplied by the number of tons produced specifically for each joint product. Furthermore, I learned that if products have highly variable selling prices, physical measures are best to use to allocate the joint cost. Thank you po, Sir A!
After watching the video, I was better able to understand the concept of physical measure allocation. I discovered that it is not that hard, an exact method of allocating joint cost at the split-off point and that it is beneficial when doing so for products whose selling prices are very fluctuating. Thank you, Sir A, for this video lecture!
I learned the concept of physical measure allocation, one of joint process costing allocation method which the common physical characteristic is the basis. Although there is an advantage, based on the lecture, it ignores the revenue-generating ability of individual joint products and the products that will produce the largest quantity will receive the higher proportion of allocation. Thank you po Sir A!
Thank you, Sir! It help me understand more the previous video about the explanation of Joint Costs. I learned how compute the allocation costs using physical measure which is very useful in allocating joint costs that have a high selling prices. And in computing this we do not include the by-products, we only use the joint products to get the total allocation cost. In physical measurement, we are adding all of the units produced for every product then divide the units produce to the sum of all units produced and multiply to the joint cost processing to get the joint cost allocation for the products. Not only that, I also learned how to make its journal entries. I hope I will be able to apply it on our discussion.
Thank you for this video lecture, sir! Through this discussion, I was able to better grasp the concept of physical measure allocation. I learned that it is an easy, objective way to prorate joint cost at the split-off point and that it is useful in allocating joint cost to products that have highly variable selling prices.
There are two methods in Joint Cost Allocation. So, the first method is discussed in this video which is using Physical Measure. This method of allocation is related to a specific physical characteristics of the products such as weight. With the help of the sample problem, I was able to understand how to compute the cost. The given formula is also helpful. Thank you for this video, Sir A!
Thank you for discussion! I have learned about physical measure which is a simple, accurate method of calculating the joint cost at the split-off point. The journal entries made me understand the topic even better.
done watching this lecture sir, from this video I learned that the allocation of joint costs at the break point based on the physical characteristics of the joint products is the allocation of joint costs based on physical measurements. Now, I understand how to apply physical measure allocation to joint costing. As stated in the description, it is simple to prorate joint costs at the split-off point. Simply multiply the tons generated by the various goods by the calculated cost per ton to get the total allocation costs. Thank you soo much sir.
In allocating joint processing costs to the joint or primary products using physical measure, it is important to remember that it uses a common physical characteristic to allocate cost (weight, length, volume, etc.), it is useful in highly fluctuating selling prices, however, its downside is in ignoring the revenue-generating capacity of each individual product. Like in the example provided, the joint product that had the least number of tons produced resulted in the lowest profit as the costs allocated to each product are all the same. I will keep in mind that marketing costs are not recorded until the product is sold. Many thanks for your video discussions, sir!
Sir A, I learned more about our topic from this video lecture. Joint products that will be manufactured or completed after the split point must share certain costs, which are referred to as joint costs. Physical measurement allocation refers to the use of a group of common goods' physical properties. I wrote down the formulas in my notes so that I could use them for rapid calculations. Furthermore, I now understand that shared expenses are only assigned to primary commodities, leaving by-products out. Sir A, thank you!
Done watching sir, Physical measure allocation use a common physical characteristics of the joint product like (kilos, liter, meter) , it ignores the revenue-generating ability of individual joint products, and it is useful in allocating joint cost to product that have highly variable selling prices, thank you sir.
After watching this video lecture, I learned that Physical Measure Method is an objective way to prorate joint cost ay the split-off point. Physical Measure are useful in allocating joint cost to products that have highly variable selling prices but it ignores the revenue -generating ability of individual joint products. I think physical measure method is an easy way to allocate joint cost. thank you for this video lecture Sir A.
In the previous video lecture, I learned that there are two allocations use in Job costing: Physical Measure and Monetary Measure. In this particular video, it focuses on how to allocate using Physical Measure. Physical measure are useful in products that are highly variable selling of prices, however, it ignores the revenue- generating ability of individual joint products. In computing for Cost per physical measure, divide the Total Joint cost to Total Physical Measure. Thank you, Sir A!
Allocating joint costs through physical measures is useful for products that have highly variable selling prices; however, it ignores the revenue generating ability of individual joint products as their cost per physical measure is the same as the others. The cost per physical measure is calculated by dividing the total joint cost by the joint product output. Thank you, Sir A!
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Godbless sir! Marami ka pong nabibigyan ng knowledge na kagaya kong estudyante!
This video tackled how to allocate joint costs using the physical measure allocation. This method is helpful in allocating joint cost to products that have highly variable selling prices however, the downside would be it ignores the ability of individual joint products to generate revenue. The illustration provided makes it easier for me to understand the computation part and the journal entries when recording joint processing costs, allocating joint processing costs to each product, and the separate processing costs. Thank you, Sir A!
As I watched the video, I learned that, based on a physical feature, such as units produced, pounds or tons produced, barrels produced, or some other physical measure that is appropriate for the level of output of the primary goods, the physical measure distributes joint costs to the primary products.
Thank you, Sir A!
This video lecture taught me how to allocate joint costs using the physical measure. As stated in the previous lecture, the cost will only be distributed on primary products and not on by products. Cost per physical measure is calculated by dividing the total joint cost by the total units of physical measurement (of primary products), and allocated cost is calculated by multiplying tons produced by the cost per ton. The illustration provided helped me understand the process better. Thank you, Sir!
We employ the physical measure allocation by using a common physical characteristic of the joint products, such as quantity, to measure the joint cost at the split-off point. The disadvantage of this approach is that it ignores the potential of each joint product to generate revenue, as the product with the higher quantity will bear a greater share of the overall cost. I was able to understand the example provided to illustrate the joint process. Thank you for this, Sir A!
I discovered that one can utilize physical measurements to allocate the shared cost of production to the shared items. Physical measurement is a simple and objective method since it treats each product unit equally while providing a steady yardstick of output across time. It is essential in rate-regulated businesses that use cost to determine selling prices as it aids in allocating joint costs to goods with highly variable selling values.
Thank you sir A.
In this video lecture, I've learned that the Physical Measure Cost allocation is based on physical characteristics such as kilos, liters, etc., and the formulas I've learned and taken note of are cost per physical measure = total joint cost divided by total units of physical measure, total allocated cost = tons produced multiply by the cost per ton, and gross profit at split-off = revenue at split-off subtracted by cost at split-off. Marketing costs aren't recorded until the product is sold. Thank you, Sir A, for the thorough explanation and illustration.
In this video lecture, I learned about the Physical Measure and how it is used. I learned that physical characteristics are used to allocate costs. I also knew that although it has high variable selling prices, it ignores the revenue-generating ability of individual joint products. Thank you, Sir A!
In this video lecture, I've learned about join cost allocation using physical measure. It allocates joint costs incurred to primary or joint products on the basis of physical characteristics such as units produced, raw materials weight, linear-measure volume or some other physical measure that is appropriate for the volume of output of the joint products. The provided illustrations helps me understand more the process of allocating joint costs under physical unit method. Thank you po, Sir A!
This video lecture helped me to better understand the idea of allocating physical measures. I discovered that it is a simple, accurate method for dividing joint costs at the split-off point and that it may be used to allocate joint costs to products with highly variable selling prices. Thank you, Sir A.
This lecture explains that Physical Measure allocates joint costs to the main or primary products based on their physical characteristics such as the kilos of the products produced, the volume of the products produced, the barrel of the products produced, and any other physical measure of the primary products. Physical measures have highly variable selling prices, however, it ignores the revenue-generating ability of individual joint production. The given illustration helped a lot to make this lecture easier to understand. Thank you for this well-explained lecture, sir!
I learned about joint cost allocation in this video lecture. Physical measure allocation is an easy, objective way to prorate joint cost at the split off point. It is helpful for allocating joint cost to products that have highly variable selling prices, but using this method ignores the ability of individual joint products to generate revenue because the physical measure is the one being taken into account. Thank you, Sir A!
I have learned in this video that Physical measure allocation is helpful in allocating joint cost to a product that has a highly variable selling price and., that the products with a large quantity or weigh the most will receive the highest proportion of allocation. I also learned the journal entries in about joint process. Thank you for this lesson, Sir A!
Physical measures are useful in allocating joint cost to products that have highly variable selling prices.
Allocating joint cost based on a physical measure, however, ignores the revenue-generating ability of individual joint products. Products that weigh the most or that are produced in the largest quantity will revive the highest proportion of joint cost allocation - regardless of their ability to bear the cost when they are sold. Thank you, Sir A!
Good Day, Sir A! I learned in this video lecture the proper way of allocating the joint products with its corresponding measurement. The illustration of Harking Poultry makes the video lecture more easy to identify how cost will be allocated with the use of Physical Measure. And, the journal entries as well to make the computation more proper. Thank you po!
After watching this video lecture, I have learned how primary products and process further products are different by illustrating the table. I also learned what is the definition of physical measure allocation and some of its common features. I have learned how to create journal entries in joint cost allocation. The illustration helps me understand how tons of turkey were allocated to joint product and by-product. Thank you, sir A!
I learned in this video lecture that in physical measure allocation, there is also downward allocation which ignores the capacity of a company to generate revenue. I also learned how to solve the joint products using physical measure allocation. Thank you, Sir A!
Done watching this po for our finals a week ago. Thank you for this, Sir!
After watching this lecture, I have learned the process of allocating joint costs under physical measure allocation. Physical measure allocation uses the physical characteristic of the products to allocate the cost such as the meters, kilos, liters, tons, etc. The sample problem helped me to learn the concept more as it showed how it affects the cost of the products like the effect of it that the lowest gross profit will be from the product with the lowest selling price due to the equally distributed cost. Also, I learned how to do journal entries in this process. Thank you, Sir A.
Finished watching it again, Sir. Thank you po!
The allocation of joint costs can be done through either physical or monetary measures. In this video, it only focused on the former. Physical measure allocation uses the shared physical properties of associated items to prorate. This makes it easier to allocate joint costs to goods with widely fluctuating selling prices. However, it disregards the ability of individual joint goods to generate revenue. Outputs that weigh the most or that are produced in the largest quantity will receive the highest proportion of joint cost allocation, regardless of their capacity to bear the cost when they are marketed. Moreover, providing an illustration helped me better understand PMA. Thank you for this, Sir A!
Joint cost allocation (JCA) using physical measure pertains to the use of a product's physical characteristics such as kilos, meters, and many more.
Thank you for this, Sir A!
In joint costing, there are two types of cost allocation: (1) physical measure allocation and (2) monetary measure approach. In this video lecture, I learned about the physical measure approach. The physical measure approach is a proration that uses a common physical characteristic of joint products (e.g., weight of the meat, measure of length of a product, etc.). I also find out that this approach is useful in allocating joint cost products that have highly variable selling prices, however, it ignores the revenue-generating of individual joint products.
Thank you, Sir A!
In this video lecture, I learned about joint cost allocation using physical measure. Physical Measure Allocation is how the physical characteristics of a collection of items that are shared are used. I also found out that the costs for the joint products made before the split-off point have to be split. I also found that using the physical characteristics that all joint products have in common makes physical measure allocation a simple and objective method for determining out how to split it up joint costs at the point from which they are split. Thank you, Sir A!
The illustrated example helped me understand how and what the process of joint cost allocation entails. Thank you again for the knowledge, sir. A!
I learned that in allocating the joint cost of production to the joint products, one may use physical measure. The physical measure is an easy and objective method as it provides a constant yardstick of output over time with equal treatment for each product unit. It helps allocate joint costs to products with highly variable selling values and is also crucial in rate-regulated enterprises that utilize cost in identifying selling prices.
Thank you for the video lecture, sir!
The video lectured about one of the classification of allocating joint costs which is the Physical Measure Allocation. I learned that in this method, we allocate the costs using physical characteristics of joint products and ignore the revenue-generated ability of each product. With the given illustration with a step-by-step procedure, I easily get how this method works. Also, the formulas given were such a big help. Thank you for this, Sir A!
I learned the concepts and computation for the allocation of joint costs using physical measurement. The physical measure is useful, especially for products that have highly variable selling prices, however, it ignores the capacity of joint products to generate revenue. To compute the cost per physical measure, divide the total joint cost by the total units of physical measurement, and multiply the answer by the number of produced to get the joint allocation cost. We also have revenue at split-off less the cost of split-off to calculate the gross profit at split-off. Thank you for this lecture video, Sir A!
Thank you sir A sa video na ito, mas lalo kong naunawaan ang konsepto ng joint costing. Madali ko kasing nasundan ang mga hakbang sa pag-allocate ng joint cost gamit ang physical measure sa tulong ng illustration. Dito ay nalaman din na suitable ang physical measure method sa mga produkto na may highly variable selling prices pero iyong downside naman nito ay hindi nako-consider ang revenue-generating ability ng bawat produkto.
I have learned in this video lecture that Physical measure allocation is useful in allocating joint cost to a product that has a highly variable selling price. Hence, products that weigh the most or with a large quantity will receive the highest proportion of allocation. In computing the cost per physical measure, divide the total joint cost by the total units of physical measure. And to appreciate the concept, the illustrated problem was a big help to understand the concept. Lastly, i have learned also the journal entry in actual problems using the previous concept that has been tackled. Thank You, Sir A!
Through this video, I learned all about join cost allocation using physical measure wherein physical characteristics of the join products are of the essence. The downside of physical measure is that it ignores the revenue-generating ability of individual joint products for it only accounts its physical appearance such as weights and quantities. Thank you sir A! This is a well-explained lecture once again.
In this video, I learned about joint cost allocation using physical measure. This method makes use of the common physical characteristic of the joint products to properly prorate the cost at split-off point. I also understood the topic better through the illustration provided. Thank you, sir!
The physical measure allocation method uses a common physical characteristic of the joint outputs in assigning costs. The disadvantage of this method is that it does not take into account the ability of the specific joint product to generate revenue. The cost allocated for each joint product is calculated by dividing the total joint processing cost by the total units produced. Thank you for this illustration, Sir A!
Thank you for this lecture, Sir A! I have finally understood the process of using Physical Measure allocation for Joint costing. As its definition states, it is an easy to prorate joint costs at the split-off point. It is simply multiplying the tons produced by the different products by the computed cost per ton to get the total allocation costs. There are also different Journal entries using physical measures when recording the joint processing cost, allocating the joining processing cost, and the separate processing costs. All of which uses the WIP Inventory account for each product.
Thank you po Sir! Rewatching all the videos po since yesterday for the finals. Helps me a lot po
I have now properly understood how to use physical measure allocation for joint costing. I realized that allocating joint costs by physical measures is equivalent to prorating joint costs at the split-off point using the physical attributes of the joint products. Adding the tons produced by the various items together will yield the overall allocation costs. The individual processing costs, the joining processing costs, and the joint processing costs are all recorded in various Journal entries using physical measurements. Each product's WIP Inventory account is used in all of these instances. Thank you, sir, for this informative video lecture.
I learned about the Physical Measure Allocation wherein the quantity or volume is the basis on allocating the costs. It has a high variable selling price, but it has a disadvantage that revenue producing ability of the is not ignored. I also learned how to compute the cost per physical measure, and the corresponding journal entries in joint costing using the physical measure allocation. Thank you for this lecture, Sir A!
Joint cost allocation allocates primary products using common physical characteristics such as kilos, liters, meters, and any other physical measure. This measure has highly variable selling prices, however, it ignores the ability of individual joint products to generate revenue. Thank you, Sir A!
In this video lecture, I was able to understand the allocation of joint costing using the physical measure. Physical Measure Allocation is an easy and objective way to prorate joint cost at the split-off point, this is useful to products that have highly variable selling prices, and this ignores the revenue generating ability of single joint products. In addition, to get the cost per physical measure, we simply divide the total joint cost by the total units of physical measurement. The video lecture also shows and I also learned how to get the total allocated cost and the gross profit at split-off. Lastly, I was able to know the different journal entries in physical measure, such as recording and allocating of joint processing cost and recording of separate processing costs. Thank you, Sir A!
I learned more about our topic, Sir A, through this video lecture. Joint products that will be produced or finished after the split point must share certain costs, which are called to as joint costs. The utilization of a group of shared items' physical attributes is referred to as physical measurement allocation. I recorded the formulas in my notes so I could utilize them for quick computation. Furthermore, I now know that shared costs are only allocated to the primary items, leaving out the by-products. Thank you, Sir A!
I gained knowledge about the physical measure allocation from this video lesson. Joint costs, which must be split among the joint products that will be produced or finished after the split point, are costs that are referred to as such. Physical Measure Allocation refers to the application of a collection of shared items' physical characteristics. I am aware that the shared cost will only be split among the primary items, leaving out the by-products. Also, when recording the joint processing cost, assigning the joint processing cost, and recording the separate processing cost, there are many journal entries that use physical measurements. Each product's WIP inventory account is used in all of these instances. Thank you, Sir A, for this video lecture.
Done watching this lecture few weeks ago based on my checklist. I only have few notes on this attached on my screenshots of attendances. Thank you!
Physical measure allocation of joint cost is used with physical characteristics of the joint products such as the weight, length, numbers, or volume. It is essential in allocating joint costs to products that have highly variable selling prices, however, it ignores the revenue-generating ability of individual joint products. Thank you, Sir A, for the brief and informative video.
In this video, I have learned about the first method of prorating joint costs to primary products, which is the Physical Measure Allocation which refers to the proration of costs based on the physical characteristics of the products which makes the products with most weight/largest quantity receiving the highest portion of the joint cost. Thank you po, Sir A!
Watching this again for finals exams. Thank you for this, sir!
I was able to learn that costs that are referred to as joint costs must be split among the joint items that will be produced or finished after the split point. Physical Measure Allocation is the use of the physical characteristics or properties of a group of shared products. Noting that the joint cost will only be distributed among the primary products, excluding by-products. Thank you for this video lecture, Sir A!
I watched this again for upcoming finals this week. Very helpful!! I was able to rewatched it.
Thank you for this video lecture, Sir A. I learned about joint cost allocation using physical measure. I also learned that joint cost are need to allocated to the main joint products produced before the split-off point. and I discovered that physical measure allocation is an easy and objective way to prorate joint costs at the split-off point using common physical characteristics of joint products.
In this video lecture, the Joint cost allocation using physical measure was explained precisely. I have learned that Physical measure is useful in allocating unit costs to products that have highly variable selling prices, and yet, the downside of using this measure is that it does not consider the revenue-generating capacity of the individual joint products. Also, it is indeed important to consider all the possible costs to be computed. Thank you, sir A!
Joint cost allocation based on physical measure used common physical characteristics to allocate the cost among the primary products. This allocation simply focused on the quantities produced rather than the capacity of products to generate revenue. The illustration was very helpful in understanding the concept of this measure allocation. Thank you for this video lecture, Sir.
Grasping the lecture is soooooooo much easier watching your videos! Reading books + watching sir A's videos = Yehey.
In this video lecture, I learned more about physical measure allocation and learned that it refers to the proration of joint costs at the split-off point using the physical characteristics of the joint products. Adding the tons produced by the various goods together will yield the total allocation costs. Thank you Sir A! ^^
Physical Measure allocation is the division of cost at split off point, using physical characteristics of joint products like kilos, meters, and numbers. I also learned that Physical Measure allocation is useful in allocating joint cost to products that have high variable selling prices, but it ignores revenue generating ability of an individual joint product. Thank you po, sir A!
Thank you very much for another great video lecture, Sir. A! Through this vidlec, I learned that Physical Measure Allocation is the division of cost at split off point, using physical characteristics of joint products like numbers, kilos or meters. It is also the utilization of a group of items that have similar physical properties. The drawback of utilizing this measure, as I have learned, is that it does not take into account the ability of the various joint products to generate income. Physical measure is effective in allocating unit costs to items that have highly fluctuating selling prices.
I found that in this method, we allocate costs based on the physical characteristics of joint products while ignoring each product's ability to generate revenue. Simply multiply the tons generated by the various goods by the calculated cost per ton to get the total allocation costs. Thank you for this lecture, sir A!
This video taught me the procedure for allocating Physical Measures for Joint costing. According to its definition, it is simple to prorate joint costs at the point of separation. To determine the total allocation costs, multiply the tons produced by the various products by the calculated per-ton price. There are also distinct Journal entries for recording the joint processing cost, allocating the joining processing cost, and recording the separate processing costs using physical measures. For each product, the WIP Inventory account is used. Thank you, Sir!
I have now fully grasped how to use physical measure allocation for joint costing. As stated in its definition, prorating joint costs at the split-off point is simple. The tons produced by the various goods are simply multiplied by the calculated cost per ton to obtain the overall allocation costs. The individual processing costs, the joining processing costs, and the joint processing costs are all recorded in various Diary entries using physical measurements. For each product, the WIP Inventory account is used. Thank you, sir A!
As the video lesson progressed, I learned more about Physical Measure Allocation. I discovered that the proration of joint costs at the split-off point using the physical characteristics of the joint products is the allocation of joint costs using physical measurements. To obtain the total allocation costs, just multiply the tons generated by the various goods by the calculated cost per ton. Thank you, sir, for this lecture.
Physical measure use a common physical characteristic of the joint products for its cost allocation. It has a highly variable selling prices but the downside is that it ignores the revenue-generating ability of individual joint products. I have also learned how to calculate the cost per physical measure wherein the total joint cost is divided by the total units of physical measurement. I also learned the journal entries when using joint process costing. Thank you, Sir A!
Two allocations, physical measure and monetary measure, were described to me in the preceding video lesson on process costing. Allocation using Physical Measure is the main topic of this video. Although physical measures can be helpful for products with widely varying selling prices, this approach ignores the revenue-generating ability of individual joint products. Due to the presented example, I can better grasp the computation required for recording joint processing costs, distributing joint processing costs to individual products, and recording separate processing costs. Thank you po, Sir A!
Done watching this video lecture. Thank you so much po, sir!
After watching the video, I learned about joint cost allocation by physical measure allocation. I also discovered that the joint products created before the split-off point require the allocation of joint costs. I also found that using the common physical characteristics of joint products allows physical measure allocation to provide a simple and objective technique to prorate joint costs at the split-off point. Thank you for this lecture, Sir A!
This video lecture focuses on the joint cost allocation using physical measures, a technique for dividing up the total costs of a production process across several products depending on some sort of physical consumption or output measure. When the manufacturing process produces two or more products and it is difficult to assign expenses to each one separately, the approach is utilized. The total joint cost must be divided by the total number of physical measures in order to calculate the cost per physical measure. The sample transaction was a huge help to me in understanding the topic. Thank you, Sir A.
Done Watching Sir A, In the previous vid lecture it is said that there are two common methods of allocating Joint Cost to Joint products; Physical and Monetary Measure. This vid lecture tackles the Physical Measure Allocation. Physical Measure is based on physical measure or physical characteristic and process is treating each unit of product equally desirable. This method is useful in allocating joint cost to products that have highly variable selling prices however it ignores the revenue- generating ability of the individual joint product. Thanks Sir A for the illustration that made me more understand how to calculate the cost per physical measure.
In Joint Costing, costs are allocated only to the primary or main products. There are also 2 measures of allocation: Physical and Monetary. The first one prorates cost at the split-off point by using a common physical characteristic of the joint product (ex.: kilos of meat, liters of milk, barrels of oil). This measure is useful when we are allocating costs to products which have highly variable selling prices. Thank you, Sir A!
Done watching this last time before finals. Thank you Sir!
In this video, I learned to allocate joint cost using physical measure. In physical measure, the cost is allocated based on the common physical characteristics of the joint products like kilograms, liters and meters. Thak you for the video sir A!
The application of Physical Measure or a shared physical characteristic of the joint products, the allocation of joint costs was discussed here. By using this method, simply divide the total joint cost by the total units of the principal product to determine the cost allocated. The benefit, drawback, and journal entries were also emphasized. Moreover, costs were indicated, which would only be taken into consideration when the products had been sold. Thank you for this video lecture, Sir A!
Was able to watch this a few weeks ago. Thankyou for your hardwork, sir!
Done watching po. Thank you po Sir A for the video lecture.
In this video lecture, I learned about the allocation of joint costs according to the physical measure of joint products. The cost per physical measure can be computed by dividing the total joint cost by the total units of physical measurement. The example was very helpful in understanding this lesson. Thank you, Sir A!
Upon watching the video lecture, I learned how the joint costs are being allocated in the joint product under the physical measure. Here, physical characteristics of the goods become the basis for the proportion of joint costs, like the number of kilos, liters, or meters. I guess, the computation for this one is not that complicated. Based on the illustration, we just need to divide the joint cost by the total product produced, and then the quotient will be multiplied by the number of tons produced specifically for each joint product. Furthermore, I learned that if products have highly variable selling prices, physical measures are best to use to allocate the joint cost. Thank you po, Sir A!
After watching the video, I was better able to understand the concept of physical measure allocation. I discovered that it is not that hard, an exact method of allocating joint cost at the split-off point and that it is beneficial when doing so for products whose selling prices are very fluctuating. Thank you, Sir A, for this video lecture!
Already done watching this video. Thank you for the discussion, sir.
I learned the concept of physical measure allocation, one of joint process costing allocation method which the common physical characteristic is the basis. Although there is an advantage, based on the lecture, it ignores the revenue-generating ability of individual joint products and the products that will produce the largest quantity will receive the higher proportion of allocation. Thank you po Sir A!
Done watching, thank you Sir A for this vidlec
Thank you po for this lecture, Sir. Done watching.
Thank you, Sir! It help me understand more the previous video about the explanation of Joint Costs. I learned how compute the allocation costs using physical measure which is very useful in allocating joint costs that have a high selling prices. And in computing this we do not include the by-products, we only use the joint products to get the total allocation cost. In physical measurement, we are adding all of the units produced for every product then divide the units produce to the sum of all units produced and multiply to the joint cost processing to get the joint cost allocation for the products. Not only that, I also learned how to make its journal entries. I hope I will be able to apply it on our discussion.
Done watching the second video lecture. Thank you po Sir!
Thank you for this video lecture, sir! Through this discussion, I was able to better grasp the concept of physical measure allocation. I learned that it is an easy, objective way to prorate joint cost at the split-off point and that it is useful in allocating joint cost to products that have highly variable selling prices.
Thank you for this lecture, Sir. Done watching.
There are two methods in Joint Cost Allocation. So, the first method is discussed in this video which is using Physical Measure. This method of allocation is related to a specific physical characteristics of the products such as weight. With the help of the sample problem, I was able to understand how to compute the cost. The given formula is also helpful. Thank you for this video, Sir A!
Thank you for discussion! I have learned about physical measure which is a simple, accurate method of calculating the joint cost at the split-off point. The journal entries made me understand the topic even better.
done watching this lecture sir, from this video I learned that the allocation of joint costs at the break point based on the physical characteristics of the joint products is the allocation of joint costs based on physical measurements. Now, I understand how to apply physical measure allocation to joint costing. As stated in the description, it is simple to prorate joint costs at the split-off point. Simply multiply the tons generated by the various goods by the calculated cost per ton to get the total allocation costs. Thank you soo much sir.
Done watching the second video lecture for this week sir A 🥰 Salamat po ♡
Watching for the second time, thank you, Sir!
In allocating joint processing costs to the joint or primary products using physical measure, it is important to remember that it uses a common physical characteristic to allocate cost (weight, length, volume, etc.), it is useful in highly fluctuating selling prices, however, its downside is in ignoring the revenue-generating capacity of each individual product. Like in the example provided, the joint product that had the least number of tons produced resulted in the lowest profit as the costs allocated to each product are all the same. I will keep in mind that marketing costs are not recorded until the product is sold. Many thanks for your video discussions, sir!
Rewatching the videos for review purposes. Thank you po sir
Sir A, I learned more about our topic from this video lecture. Joint products that will be manufactured or completed after the split point must share certain costs, which are referred to as joint costs. Physical measurement allocation refers to the use of a group of common goods' physical properties. I wrote down the formulas in my notes so that I could use them for rapid calculations. Furthermore, I now understand that shared expenses are only assigned to primary commodities, leaving by-products out. Sir A, thank you!
Done watching sir, Physical measure allocation use a common physical characteristics of the joint product like (kilos, liter, meter) , it ignores the revenue-generating ability of individual joint products, and it is useful in allocating joint cost to product that have highly variable selling prices, thank you sir.
After watching this video lecture, I learned that Physical Measure Method is an objective way to prorate joint cost ay the split-off point. Physical Measure are useful in allocating joint cost to products that have highly variable selling prices but it ignores the revenue -generating ability of individual joint products. I think physical measure method is an easy way to allocate joint cost. thank you for this video lecture Sir A.
Done watching this lecture Sir. Thank you po!
Finished watching, Sir! Thank you po for the discussion!! ♡
Watched again last sunday for the upcoming exam. Thank you po sir. A
Thank you for this video lecture sir, done watching po
In the previous video lecture, I learned that there are two allocations use in Job costing: Physical Measure and Monetary Measure. In this particular video, it focuses on how to allocate using Physical Measure. Physical measure are useful in products that are highly variable selling of prices, however, it ignores the revenue- generating ability of individual joint products. In computing for Cost per physical measure, divide the Total Joint cost to Total Physical Measure. Thank you, Sir A!
Done watching. Thank you, Sir A!
Allocating joint costs through physical measures is useful for products that have highly variable selling prices; however, it ignores the revenue generating ability of individual joint products as their cost per physical measure is the same as the others. The cost per physical measure is calculated by dividing the total joint cost by the joint product output. Thank you, Sir A!
Done watching po, sir. Thank you for this video lecture.
Already watched it the week it was assigned po, thank you for this video lecture sir!