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 1Chapter 12: Applying Excel 2 3 Data 4 Exhibit 12-7 Santa Maria Wool Cooperative 5 Cost of wool $ 217,000 6 Cost of separation process $40,000 7 Sales value of intermediate products at split-off point: 8 Undyed coarse wool $ 117,000 9 $127,000 Undyed fine wool 10Undyed superfine wool 11Costs of further processing (dyeing) intermediate products 12Undyed coarse wool 13Undyed fine wool $ 64,000 50,000 60,000 14 Undyed superfine wool 10,000 Sales value of end product 16 $156,000 Dyed coarse wool 17 Dyed fine wool $ 220,000 18 Dyed superfine wool $100,000 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? l profit from processing all inte veral rmediate roducts b. What is the financial advantage (disadvantage) from further processing? from further processing undyed coarse m further processing undyed fine wool om further processing undyed superfine wool Financial (disadvantage) Financial advantage 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? Process further Sell as is c-2. If your recommendation in part (c-1) is followed, what would be the company's overall profit? erall profit from following the plan in part (c)