(Joint process decision making) Tim Burns has been asked by his aged uncle to take over the family butcher shop. Tim knows that you are majoring in accounting— he majored in art—and asks you to help him understand the butcher shop busi¬ ness. He wants you to do the following:

a. Explain, in nontechnical terms, what questions about joint processes must be answered by someone who manages a butcher shop. Also, provide the points in a joint process at which these questions should be addressed.

b. Describe, in your own words, the proper managerial use of joint cost; also, describe whether 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