(1) (Clek the kon to view the intormation) Fread the fequinements Requirement 1. Compute the gross-margin percentage for each product soid in November, using the following methods for aliociene the 5105 , coo pirt cosis a. Saies Value at Spitoff. Begin by entering the amounts in the thble and allocate the jint costs. (Enter the weights to four decinel places.) Compute the gross margin percentage using the sales vatue at spithoff mothod to alocate the foint costs. fenter a "or for any cels with a zarro balance. Round the percontaget to two decmal piac XX X.s. Use parentheses or a minus sign when entering negative amounts.) Revenues Joint corts Separable costs can individually be further fefined into Super A. Supes B, and Super D. In the most recent month (Nomember), the outcut at the ssilaff point was as followe: (i) (Click the ioan to view the information.) Read the reguiremans. Compute the gross margin percentege using the sales value at spitot method to alocole the joint costs. (Eriter a " 0 for any cels with a rero bolance. Roind the percentaget to ino decinai placas. X.XX4\%, Use parentheses or a minus sign when entering negative amounts.) can individualy be further refined itto Super A, Super B, and Super D. In the enost recent month (Norember), the outout at the splictf point was as follows: (i) (Click the icon te view the informahion.) Read the fecuiremeats Conyule the gross margin percentage using the physical measures mothod to alocate the joint costs. (Erter a Po for any cells with a zero bolince. Round the percertages bo tivo cecimal pisces. XXK\$ Use parentheses or a minus sign whan entering negative amounts.) can individually be further refined into Super A, Super B, and Super D. in the most recent month (Noventer). the cutput at the spleoff point was as trilows: (i) (Click the icon to viow the information.) Read she requirements. parentheses or a minus sign when entering negative amounts.) Requirement 2. Could Rainbow Oil have increased its November cperating income by making different decisions about the further processing of products A. B, or D? Show the eflict on operishg income of any changes you recommend. Determine the formula you will use to make your decision. Then enter the amounts for each product and cotermine the eflect on operating income of the deciaion. (Enter nagative aftects with parentheses or a minus signi) Eiflect on operating income can individually be further refined into Super A, 8uper B, and Super D. in the most recent month (November), the cutput at the sphitof point was as follows (i) (Click the icon to view the information.) Read then recsuirninants. Requirement 2 . Could Rainbow Ow have increased is Nowember operating income by making drferent decisiens about the further processing of products A, B, or D? Show the effect on oparatrg income of any changes you recommend. Determine the formula you will use to make your docision. Then enter the amounts for each product and dotermine the effoct on operating income of the decision. (Eittor tegatve otheds with parentheses or a minus sign.) can individualy be Airther refined into Super A, Super B, and Super D. In the most recent month (November), the ouput at the spitioff peirt was as fotows: fi click the iogn to viewithe inlomation. More info - Product A, 275,000 gallons - Produca B, 100.000 gallons - Product C, 75,000 galons - Product D, 50,000 galons Requirements The joint costs of purchasing and processing the crude vegetable oil were 5105.000 Ranbow had no beginning or ending imventories. Sales of product C in November were $45.000. Products A,B, and D were further refined and then soid. Dota related to November follow: 1. Conoute the gross margin percontage for each prodict sold in Nowember. using fee following methods for alocaling the $105,000 joint cosks a. Sales value at spltoon b. Physieal measure c. NRV 2. Could Rainbow OI have increased is November operating income ty making atterent decisions about the further procossing of products A, B, ar of Show the effect on cperaing income of ary changes you recommend. Fasinbow had the option of selling products A. B, and D at the splitoff point. This altemasive would have yieided the following revenues for the November production: - Product A, 575,000 - Produce 8, 562,500 - Product D, $67,500
