Requirements 1. Compute the gross-margin percentage for each product sold in November, using the following methods for allocating the $105,000 joint costs: a. Sales value at splitoff b. Physical measure c. NRV 2. Could Rainbow Oil have increased its November operating income by making different decisions about the further processing of products A, B, or D? Show the effect on operating income of any changes you recommend. More info - Product A, 275,000 gallons - Product B, 100,000 gallons - Product C, 75,000 gallons - Product D, 50,000 gallons The joint costs of purchasing and processing the crude vegetable oil were $105,000. Rainbow had no beginning or ending inventories. Sales of product C in November were $45,000. Products A, B, and D were further refined and then sold. Data related to November follow: More info product C in November were $45,000. Products A,B, and D were further refined and then sold. Data related to November follow: Rainbow had the option of selling products A,B, and D at the splitoff point. This alternative would have yielded the following revenues for the November production: - Product A, $75,000 - Product B, $62,500 - Product D, $67,500 Requirement 1. Compuide the gross-mavin percentage for aach product sold in November, useng the lollowing mwithods for allocabng tho 5105,000 jont costs a. Soles Value at Splitit Begn by entonng the amoutt in the tabio and alocase the joinl costs. (Enter the weighss to loar decimui pasces)