(joint process decision making) Lauren Jackson's aged uncle has asked her to take over the family poultry processing plant. Jackson has learned that you are majoring in accounting—she majored in engineering—and asks you to help her understand the poultry shop business. She would like you to do the following:

a. Explain, in nontechnical terms, what financial questions about joint processes someone who manages a poultry processing plant must answer. Also indicate the points in a joint process at which these ques¬ tions should be answered.

b. Describe, in your own words, the proper managerial use of a joint cost; also describe whether a joint cost can be used inappropriately and the basis on which you think a particular use is inappropriate.

C. Compare and contrast the various categories of outputs generated by a joint process.

 LO1.