Cost Accounting Quiz
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FoodProcessors Inc. operates a joint production process that simultaneously produces Protein Powder, Fish Oil, and Bone Meal from fish processing. The company has historically used the physical units method to allocate the $600,000 monthly joint costs. Management is considering changing to the net realizable value method because they believe it will provide better information for pricing decisions and further processing evaluations.
From a conceptual standpoint, what is the most significant limitation of management's reasoning for changing allocation methods?
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