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:

1 Chapter 12: Applying Excel 2 3 Datia 4 Exhibit 12-7 Santa Maria Wool Cooperative 5 Cost of wool 6 Cost of separation process 7 Sales value of intermediate products at split-off point: 8 9 10Undyed superfine wool 11Costs of further processing (dyeing) intermediate products: 12Undyed coarse wool 13Undyed fine wool 14Undyed superfine wool 15 Sales value of end products: 16Dyed coarse wool 17Dyed fine wool 18Dyed superfine wool $159,000 40,000 $136,000 $122,000 53,000 Undyed coarse wool Undyed fine wool 50,000 $60,000 10,000 $157,000 $ 197,000 92,000 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? Overall profit from processing all intermediate products b. What is the financial advantage (disadvantage) from further processing? from further processing undyed coarse wool from further processing undyed fine wool from further processing undyed superfine wool 1. With these new costs and selling prices, what recommendations would you make concerning the company's operations? 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? -2. If your recommendation in part (c-1) is followed, what would be the company's overall profit? Overall profit from following the plan in part (c)