The Sunny 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 (November), the output at the splitoff point was as follows: (Click the icon to view the information.) Read the requirements. Requirement 1. Compute the gross-margin percentage for each product sold in November, using the following methods for allocating the $100,000 joint costs: a. Sales Value at Splitoff. Begin by entering the amounts in the table and allocate the joint costs. (Enter the weights to four decimal places.) More info - Product A, 300,000 gallons - Product B, 100,000 gallons - Product C, 50,000 gallons - Product D, 50,000 gallons The joint costs of purchasing and processing the crude vegetable oil were $100,000. Sunny had no beginning or ending inventories. Sales of product C in November were $50,000. Products A,B, and D were further refined and then sold. Data related to November follow: Sunny 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, $50,000 - Product B, $30,000 - Prnduct D $70 Requirements 1. Compute the gross-margin percentage for each product sold in November, using the following methods for allocating the $100,000 joint costs: a. Sales value at splitoff b. Physical measure c. NRV 2. Could Sunny 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