Question: Refer to Cornerstone Exercise Assume that Orchard Fresh Inc uses

Refer to Cornerstone Exercise. Assume that Orchard Fresh, Inc., uses the weighted average method of joint cost allocation and has assigned the following weights to the four grades of apples:
1. Allocate the joint cost to the four grades of apples using the weighted average method.
2. What if the factory found that Grade A apples were being valued less by customers and decided to decrease the weight factor for Grade A apples to 3.0? How would that affect the allocation of cost to Grade A apples? How would it affect the allocation of cost to the remaining grades?

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