Question: Required information Chapter 11: Applying Excel: Excel Worksheet (Part 1 of 2) (Algo) Step 1: Download the Applying Excel form located on the left

Required information Chapter 11: Applying Excel: Excel Worksheet (Part 1 of 2)(Algo) Step 1: Download the Applying Excel form located on the lefthand side, under files, if you have trouble, the file is alsolocated in D2L under Course Files and Resources. Step 2: Verify that

Required information Chapter 11: Applying Excel: Excel Worksheet (Part 1 of 2) (Algo) Step 1: Download the Applying Excel form located on the left hand side, under files, if you have trouble, the file is also located in D2L under Course Files and Resources. Step 2: Verify that your worksheet matches the Review Problem in the text. Then enter formulas in all cells that contain question marks. For example, in cell C26 enter the formula"B5" Step 3: Check your worksheet by changing the cost of further processing undyed coarse wool in cell B12 to $30,000. The overall financial advantage (disadvantage) from processing all intermediate products into final products should now be $150,000 and the financial advantage (disadvantage) from further processing undyed coarse wool should now be $10,000. If you do not get these answers, find the errors in your worksheet, and correct them. Step 4: Proceed to the requirements below only after completing your worksheet as it will be used to answer the following questions. 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: A B 1 Chapter 11: Applying Excel 2 3 Data: 4 Exhibit 11-7 Santa Maria Wool Cooperative 5 Cost of wool $ 172,000 6 Cost of separation process $ 40,000 7 Sales value of intermediate products at split-off point 8 Undyed coarse wool $ 125,000 9 Undyed fine wool $ 175,000

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