Stulce Inc. produces joint products A, B, and C from a joint process. Information concerning a batch produced in May at a joint cost of $120,000 was as follows: 
Required(calculate all ratios, percentages, and unit costs to 2 decimal places, for example 33.33%, and round all dollar amounts to the nearest whole dollar):
1. Allocate the joint costs to the joint products using the physical measures method.
2. Calculate the gross margin for each of the three products using the cost allocation for the physical unit method in part (1) above.
3. Allocate the joint costs to the joint products using the net realizable method.
4. Calculate the gross margin for each of the three products using the cost allocation for the net realizable value method in part (3) above.
Definitions:
Product Signal
Indicators or features of a product that communicate its quality, authenticity, or prestige to consumers.
Inertia
The tendency to remain unchanged or idle in one's attitudes, behavior, or decisions due to psychological resistance to change.
Non-compensatory Rule
A decision rule in which an option is rejected if it fails to meet at least one important criterion, regardless of its merits on other criteria.
Clever Hans Effect
The phenomenon where a creature (notably a horse named Clever Hans) appears to be able to perform tasks requiring intelligence, but is actually responding to cues from humans.
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