Chapter 12 Applying Excel (A) Saved Required information The Chapter 12 Form worksheet is to be used to create your own worksheet version of the main example in the text. Part 2 of 2 2. In industries that process joint products, the costs of the raw materials inputs and the sales values of intermediate and final products are often volatile. Change the data area of your worksheet to match the following: 10 points 1 Chapter 12: Applying Excel eBook 3 4 Print 5 6 $ $ 238,000 40,000 References $ $ S 130,000 175,000 52,000 10 11 12 Data Exhibit 12-7 Santa Maria Wool Cooperative Cost of wool Cost of separation process Sales value of intermediate products at split-off point: Undyed coarse wool Undyed fine wool Undyed superfine wool Costs of further processing (dyeing) intermediate products: Undyed coarse wool Undyed fine wool Undyed superfine wool lindved Sales value of end products: Dyed coarse wool Dyed fine wool Dyed superfine wool 13 S S $ 50,000 60,000 10,000 14 15 16 17 18 $ $ $ 155,000 207.000 91,000 If your formulas are correct, you should get the correct answers to the following questions. a. What is the overall profit if all intermediate products are processed into final products? Answer is complete and correct. Overall profit from processing all intermediate products $ 55,000 b. What is the financial advantage (disadvantage) from further processing? Answer is complete and correct. Financial (disadvantage) Financial (disadvantage) from further processing undyed coarse wool from further processing undyed fine wool $ $ $ (25,000) (28,000) 29,000 Financial advantage from further processing undyed superfine wool C-1. With these new costs and selling prices, what recommendations would you make concerning the company's operations? Answer is complete and correct. Sell as is or process further the intermediate product undyed coarse wool? Sell as is or process further the intermediate product undyed fine wool? Sell as is or process further the intermediate product undyed superfine wool? Sell as is Sell as is Process further c-2. If your recommendation in part (C-1) is followed, what would be the company's overall profit? Answer is complete but not entirely correct. Overall profit from following the plan in part (c) $ (24,000)