The Eden Oil Company buys crude vegetable oil Refining this oil results in four products at the spinoff point. A, B, C, and D. Product C is fully processed by the spitoff point Products A, B, and D can individually be further refined into Super A, Super B, and Super D. In the most recent month (December), the output at the spitoff point was as 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. Eden had no beginning or ending inventories. Sales of product Cin December were $45,000. Products A, B, and D were further refined and then sold. Data related to December are as follows: Separable Processing Costs to Make Super Products Super A 5 Super B Super D Revenues 240,000 5 375,000 60,000 150,000 45,000 75,000 Eden had the option of selling products A, B, and D at the splitoff point. This alternative would have yielded the following revenues for the December production: Product A, $75,000 Product B, 562 500 Product D, $67,500 Requirement 1. Compute the gross-margin percentage for each product sold in December, using the different methods for allocating the $105,000 joint costs a. Sales Value at Spitoff. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weights to four decimal places.) Sales value of total Joint costs allocated production at splitoff Weighting A B D Compute the gross margin percentage using the sales value at splitoff method to allocate the joint costs (Enter a "0" for any calls with a zero balance. Round the percentages to two decimal Super A Super B Super D C Revenues Joint costs Separable costs Gross margin Gross margin percentage b. Allocate the joint costs using the physical-measure method. Enter the amounts in the table and allocate the joint costs. (Enter the weights to four decimal places.) Physical measure of Joint costs Weighting allocated total production A B D Compute the gross margin percentage using the physical-measures method to allocate the joint costs. (Enter a "" for any cells with a zero balance. Round the percenta Super A Super B Super D Revenues Joint costs Separable costs Gross margin Gross margin percentage c. Allocate the joint costs using the net realizable value method. Enter the amounts in the table and allocate the joint costs. (Enter the weights to four decimal places.) Not realizable value Weighting Joint costs allocated Super A Super B Super D Compute the gross margin percentage using the NRV method to allocate the joint costs. (Enter a "D" for any cells with a zero balance. Round the percentages to two decimal places, X.XXX%. Use parentheses or a minus sign when a Super A Super B Super D C Revenues Joint costs Separable costs Grow margin Gross margin percentage Requirement 2. Could Eden have Increased its December operating income by making different decisions about the further processing of products A, B, or D7 Show the effect on operating income of any changes you recommend. Determine the formula you will use to make your decision. Then enter the amounts for each product and determine the effect on operating income of the decision. (Enter negative effects with parentheses or a minus sign) A B D Operating income can be increased by want the end fut = Effect on operating Income from further processing islare sold at their spinoff