Download the Applying Excel form and enter formulas in all cells that contain question marks. For example, in cell C26 enter the formula "= B5". Verify that your worksheet matches the example in the text. 5 Cost of wool $200,000 6 Cost of separation process $40,000 7 Sales value of intermediate products at split-off point: 8 Undyed coarse wool $120,000 9 Undyed fine wool $150,000 10 Undyed superfine wool $60,000 11 Costs of further processing (dyeing) intermediate products: 12 Undyed coarse wool $50,000 13 Undyed fine wool $60,000 14 Undyed superfine wool $10,000 15 Sales value of end products: 16 Dyed coarse wool $160,000 17 Dyed fine wool $240,000 18 Dyed superfine wool $90,000 19 20 Enter a formula into each of the cells marked with a ? below 21 Example: Joint Product Costs and the Contribution Approach 22 23 Analysis of the profitability of the overall operation: 24 Combined final sales value 25 Less costs of producing the end products: 26 Cost of wool ? 27 Cost of separation process ? 28 Combined costs of dyeing ? 29 Profit 30 31 Analysis of sell or process further: 32 Coarse 33 Wool 34 Final sales value after further processing ? 35 Less sales value at the split-off point ? 36 Incremental revenue from further processing ? 37 Less cost of further processing (dyeing) ? 38 Financial advantage (disadvantage) of further processing ? Check your worksheet by changing the cost of further processing undyed coarse wool in cell B12 to $30,000. The overall financial advantage (disadvantage) from processing all intermediate products into final products should now be $150,000 and the financial advantage (disadvantage) from further processing undyed coarse wool should now be $10,000. If you do not get these answers, find the errors in your worksheet and correct them. ? ? ? Save your completed Applying Excel form to your computer and then upload it here by clicking "Browse. Next, click Save. You will use this worksheet to answer the questions in Part 2. Fine Wool ... ? ? ? ? ? Superfine Wool ? ? ? ? ? 39 5 Cost of wool $200,000 6 Cost of separation process $40,000 7 Sales value of intermediate products at split-off point: 8 Undyed coarse wool $120,000 9 Undyed fine wool $150,000 10 Undyed superfine wool $60,000 11 Costs of further processing (dyeing) intermediate products: 12 Undyed coarse wool $50,000 13 Undyed fine wool $60,000 14 Undyed superfine wool $10,000 15 Sales value of end products: 16 Dyed coarse wool $160,000 17 Dyed fine wool $240,000 18 Dyed superfine wool $90,000 19 20 Enter a formula into each of the cells marked with a ? below 21 Example: Joint Product Costs and the Contribution Approach 22 23 Analysis of the profitability of the overall operation: 24 Combined final sales value 25 Less costs of producing the end products: 26 Cost of wool ? 27 Cost of separation process ? 28 Combined costs of dyeing ? 29 Profit 30 31 Analysis of sell or process further: 32 Coarse 33 Wool 34 Final sales value after further processing ? 35 Less sales value at the split-off point ? 36 Incremental revenue from further processing ? 37 Less cost of further processing (dyeing) ? 38 Financial advantage (disadvantage) of further processing ? ? ? ? Fine Wool ... ? ? ? ? ? Superfine Wool ? ? ? ? ? 39