{a} Discuss the problems which joint products and by-products pose the manage ment accountant, especially in his attempts to produce useful product prof itability reports. Uuine the usual accounting treatments of joint and tryproducts and indicate the extent to which these treatments are effective in overcoming the problems you have discussed In your answer clearly describe the differences between joint and byproducts and provide an example of eadl. {14 marks] {b} A common process produces several joint products. After die common process has been completed each product requires further specific, and directly attributable, expenditure in order to 'finish off' the product and put it in a saleable condition. Specify the conditions under which it is rational to undertake: {i} the common process, and {ii} the nal 'finishing off' of each of die products which are the output from the common process