The Rainbow of Company buys crude vegetable oil. Refining this oil results in four products at the spiltoff point. A, B, C, and D. Product C is fully processed by the splitoff point. Products A, B, and D can Individually be further refined into Super A Super B, and Super D. In the most recent month (November), the output at the splitoff point was as follows (Click the icon to view the information) Read the requirements b. Allocate the joint costs using the physical measure method. Enter the amounts in the table and allocate the joint costs. (Enbor the weights to four decimal placen.) Physical measure of Joint costs total production Weighting allocated A B D Compute the gross margin percentage using the physical measures method to allocate the joint costs. (Enter a 'ofor any cells with a zero balance. Round the percentages to two decimal places, XXX%. Use parentheses or a minus sign when entering negative amounts.) Super A Super B Super D Revenues Joint costs Separable costs Gross margin Gross margin percentage % crude vegetable oil. Refining this oil results in four products at the splitoff point. A, B, C, and D. Pro can individually be further refined into Super A. Super B, and Super D. In the most recent month More info nel Product A, 322,400 gallons Product B, 119,600 gallons Product C, 52,000 gallons Product D, 26,000 gallons . . JE cent ces The joint costs of purchasing and processing the crude vegetable oil were $96,000. Rainbow had no beginning or ending inventories. Sales of product C in November were $24,000. Products A, B, and D were further refined and then sold. Data related to November follow: Separable Processing Costs to Make Super Products Revenues Super A $ 249,600 $ 320,000 Super B 102,400 160,000 Super D 152,000 160,000 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, $84,000 Product B. $72,000 Product D, $60,000 . . the Print Done The Rainbow of Company buys crude vegetable oil. Refining this of results in four products at the splitoff point. A, B, C, and D. Product C is fully processed by the splitoff point Products A, B, and D can individually be further refined into Super A. Super B, and Super D. In the most recent month (November), the output at the splitoff point was as follows: Click the icon to view the information) Read the requirements: 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) Net realizable Joint costs value Weighting allocated == Super A Super B Super D Compute the gross margin percentage using the NRV method to allocate the joint costs. (Enter a "U" for any cells with a zero balance. Round the percentages to two decimal places, X.XX% Use parentheses or a minus sign when entering negative amounts.) Super A Super B Super D Revenues Joint costs Separable costs Gross margin % Gross margin percentage Requirement 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
