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 Chapter 12: Applying Excel 1 2 Data Exhibit 12-7 Santa Maria Wool Cooperative 4 Cost of wool $ 249,000 Cost of separation process $ 40,000 6 Sales value of intermediate products at split-off point 7 Undyed coarse wool 120,000 8 Undyed fine wool $ 162,000 9 54,000 $ Undyed superfine wool 10 11 Costs of further processing (dyeing) intermediate products: 50,000 Undyed coarse wool 12 60,000 Undyed fine wool 13 Undyed superfine wool 10,000 14 15 Sales value of end products: $ 145,000 Dyed coarse wool 16 Dyed fine wool $ 206,000 17 $ Dyed superfine wool 86,000 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? 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 c-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? c-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)