Combed through the pages of the chapter and cannot locate an answer for the following question:
In a joint production process, the allocation of joint (common) costs to the joint products is needed:
A. To determine whether the firm in question should produce at all.
B. To meet external reporting requirements (i.e., for financial statement preparation purposes).
C. To assess managerial performance.
D. To determine which products, if any, should be produced beyond the split-off point.
Please provide an analysis in word format.