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Please answer the following questions in your own words. This assignment is designed to ensure that you have gained a basic understanding of the reading,

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Please answer the following questions in your own words. This assignment is designed to ensure that you have gained a basic understanding of the reading, and will be graded mostly for completeness, with a small amount of variation for the quality of the response. 1. Why might it be a mistake to allocate fixed costs to different products or segments? 2. If there are limits on the amount of a resource that we can use, how do we best decide how to use that resource? 3. Should we allocate joint costs among joint products? 4. How do we decide whether a product ought to be sold at the split-off point or processed further

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