AB 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Chapter 13: Applying Excel Data Exhibit 13-7 Santa Maria Wool Cooperative Cost of wool $222,000 Cost of separation process $40,000 Sales value of intermediate products at split-off point: Undyed coarse wool $110,000 Undyed fine wool $161,000 Undyed superfine wool $60,000 Costs of further processing (dyeing) intermediate products: Undyed coarse wool $50,000 Undyed fine wool $60,000 Undyed superfine wool $10,000 Sales value of end products: Dyed coarse wool $162,000 Dyed fine wool $195,000 Dyed superfine wool $95,000 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: 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? b. What is the financial advantage (disadvantage) from further processing? c-1. With these new costs and selling prices, what recommendations would you make concerning the companys operations? c-2. If your recommendation in part (c-1) is followed, what would be the companys overall profit?