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: B $ $ 223,000 40,000 1 Chapter 13: Applying Excel 2 3 Data 4 Exhibit 13-7 Santa Maria Wool Cooperative 5 Cost of wool 6 Cost of separation process 7 Sales value of intermediate products at split-off point 8 Undyed course wool 9 Undyed fine wool 10 Undyed superfine wool 11 Conts of further processing (dyeing) intermediate products 12 Undyed course wool 13 Undyed fine wool 14 Undyed superfine wool 15 Sales value of end products 16 Dyed coarse wool 17 Dyed fine wool Dyed supertino wool $ $ $ 139,000 169,000 72.000 $ $ $ 50,000 60,000 10,000 $ $ 170,000 186,000 96,000 18 $ 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 $ 69,000 products b. What is the financial advantage (disadvantage) from further processing? Answer is complete but not entirely correct. Financial (disadvantage) Financial (disadvantage) Financial advantage from further processing undyed coarse wool from further processing undyed fine wool from further processing undyed superfine wool $ 19,000 $ 295,000 $ 158,000 C-1. With these new costs and selling prices, what recommendations would you make concerning the company's operations? Answer is complete and correct. 0 Sell as is or process further the intermediate product undyed course wool? Sell as is or process further the intermediate product undyed fine wool? Sell as is or process further the intermediate product undyed superfino 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) s 60,000 X