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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
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 Data 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 11 Costs 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 $235,000 40,000 $118,000 $139,000 63,000 Undved coarse wool Undyed fine wool $50,000 60,000 10,000 $148,000 $223,000 98,000 If your formulas are correct, you should get the correct answers to the following question:s 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
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