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Potter Corporation has gained considerable market share in recent years for its specialty, low-volume, complex line of products, but the gain has been offset by a loss in market share for its high-volume, simple line of products. This has resulted in a net decline in its overall profitability.
Advise management about specific changes that may be required in its cost accounting system and explain why the existing system may be inadequate.
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Potter Corporation has gained considerable market share in recent years for its specialty, low-volum...
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