{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-29T02:22:07-04:00", "answer_date": "2024-06-29 02:22:07", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4447701", "url": "\/study-help\/questions\/wharf-fisheries-processes-many-of-its-seafood-items-to-the-4447701", "question_creation_date_js": "2024-06-29T02:22:07-04:00", "question_creation_date": "Jun 29, 2024 02:22 AM", "meta_title": "[Solved] Wharf Fisheries processes many of its sea | SolutionInn", "meta_description": "Answer of - Wharf Fisheries processes many of its seafood items to the demands of its largest customers, most of which are large r | SolutionInn", "meta_keywords": "wharf,fisheries,processes,seafood,items,demands,largest,customers,large,retail,distributors,accounting", "question_title_h1": "Wharf Fisheries processes many of its seafood items to the demands of its largest customers, most of which are large retail distributors. To keep the", "question_title": "Wharf Fisheries processes many of its seafood items to the demands of", "question_title_for_js_snippet": "Wharf Fisheries processes many of its seafood items to the demands of its largest customers, most of which are large retail distributors To keep the accounting system simple, it has always assigned cost by the weight of the finished product However, with increased competition, it has had to watch its prices closely and, in recent years, several items have incurred zero profit margins After several weeks of investigation, your consulting firm has found that, while weight is important in processing of seafood, numerous items have very distinct processing steps and some items are processed through more steps than others Required Based on the findings of your consulting firm, what changes might you recommend to the company in the way of cost allocation among its products ", "question_description": "

Wharf Fisheries processes many of its seafood items to the demands of its largest customers, most of which are large retail distributors. To keep the accounting system simple, it has always assigned cost by the weight of the finished product. However, with increased competition, it has had to watch its prices closely and, in recent years, several items have incurred zero profit margins. After several weeks of investigation, your consulting firm has found that, while weight is important in processing of seafood, numerous items have very distinct processing steps and some items are processed through more steps than others.<\/p>

Required:<\/strong><\/p>

Based on the findings of your consulting firm, what changes might you recommend to the company in the way of cost allocation among its products?<\/p>", "transcribed_text": "", "related_book": { "title": "Principles Of Finance", "isbn": "979-8439388899", "edition": "1st Edition", "authors": "Julie Dahlquist, Rainford Knight", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/6290aa2348f9a_11251.jpg", "uri": "\/textbooks\/principles-of-finance-1st-edition-9798439388899", "see_more_uri": "" }, "free_related_book": { "isbn": "1265316465", "uri": "\/textbooks\/5-steps-to-a-5-ap-world-history-modern-2024-1st-edition-9781265316464-9781265316525", "name": "5 Steps To A 5 AP World History Modern 2024", "edition": "1st\u00a0Edition" }, "question_posted": "2024-06-29 02:22:07", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/one-kilogram-of-the-work-and-heat-transfer-for-process.", "description": "One kilogram of ammonia in a piston\/cylinder at 50\uf0b0C, 1000 kPa is expanded in a reversible isobaric process to 140\uf0b0C. 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