The Southern Oil Company buys crude vegetable oil. Refining this oil 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 (December), the output at the splitoff point is shown in the table provided. B (Click to view the December information.) Required 1. Compute the gross margin percentage for each product sold in December, using the following methods for allocating the $150,000 joint costs: a. Sales value at splitoff b. Physical measure c. NRV 2. Could Southern have increased its December 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 D. Requirement 1. Compute the gross margin percentage for each product sold in December, using the different methods for allocating the $150,000 joint costs. a. Sales Value at Splitoff. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weightings to four decimal places. Round your answers to the nearest whole dollar.) Sales Value of Total Joint Costs Production at Splitoff Weighting Allocated A B D The Southern Oil Company buys crude vegetable oil. Refining this oil 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 (December), the output at the splitoff point is shown in the table provided. (Click to view the December information.) Required 1. Compute the gross margin percentage for each product sold in December, using the following methods for al December information a. Sales value at splitoff b. Physical measure c. NRV 2. Could Southern have increased its December operating income by making different decisions about the furth The output at the splitoff point was: end. Product A 360,000 litres Product B Requirement 1. Compute the gross margin percentage for each product sold in December, using the different a. Sales Value at Splitoff. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weig Product C Product D 120,000 litres 60,000 litres 60.000 litres Sales Value of Total Joint Costs Production at Splitoff Weighting Allocated A B C The joint costs of purchasing and processing the crude vegetable oil were $150,000. Southern had no beginning or ending inventories. Sales of product C in December were $75,000. Products A, B, and D were further refined and then sold. Data related to December are: Separable Processing Costs to Make Super Products Sales Super A $ 280,000 $ 400.000 Super B 65,000 125.000 Super D 105.000 150.000 Southern 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 45,000 105,000 Product D Print Done