Patricia Woodward and Ronald Smith are marketing managers for different products within one company.Ms.Woodward argues that as a result of changes in technology,the use of the current plantwide overhead allocation base unfairly burdens her product costs.Ronald Smith recognizes the problem,but expects that a change to departmental overhead allocations will result in higher costs for his products.What guidance does the Institute of Management Accountant's Standards of Ethical Conduct for Management Accountants give the controller of the company in this situation?

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The Answer of Patricia Woodward and Ronald Smith are marketing managers for different products within one company.Ms.Woodward argues that as a result of changes in technology,the use of the current plantwide overhead allocation base unfairly burdens her product costs.Ronald Smith recognizes the problem,but expects that a change to departmental overhead allocations will result in higher costs for his products.What guidance does the Institute of Management Accountant's Standards of Ethical Conduct for Management Accountants give the controller of the company in this situation?

Patricia Woodward and Ronald Smith Are Marketing Managers for Different