Which of the following is not a step needed to maximize the profits from joint products?
A) Forecasting the sales price of each final product.
B) Identifying alternative sets and quantities of final products possible from the joint process.
C) Determining how to allocate joint costs to the final products.
D) Estimating the costs required to further process joint products into salable products.

Question

Quizplus · Accepted Answer

Allocating joint costs to final products is not necessary for maximizing profits, as it does not affect decision-making regarding production and sales strategies.

Which of the Following Is Not a Step Needed to Maximize