If you truly need two independent resistors (4 terminals), then you need a double ganged rotary switch with 8 positions/detents so your 1P12T switch won't work. This should be pretty obvious to wire up since you just wire it up as two independent knobs, except they share the same shaft.
But if those "outputs" are connecting to something that is high impedance and you only need the resistance to be between that output and ground, then you can get away with a 1P8T switch (attached image). If they aren't connecting to something high impedance, you're going to get the two resistances influencing each other.