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.

Check your worksheet by changing the cost of further processing undyed coarse wool in cell B12 to $30,000. The overall profit from processing all intermediate products into final products should now be $150,000 and the profit 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.

1 Chapter 12: Applying Excel 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 Undyed coarse wool 9 Undyed fine wool 10 Undyed superfine wool 11 Costs of further processing (dyeing) intermediate products 12 Undyed coarse wool 13 Undyed fine wool 14 Undved superfine wool 15 Sales value of end products 16 Dyed coarse wool 17 Dyed fine wool $200,000 $40,000 $120,000 $150,000 $60,000 $50,000 $60,000 $10,000 $160,000 $240,000 $90,000 18 Dyed superfine wool 19 20 Enter a formula into each of the cells marked with a? below 21 Example: Joint Product Costs and the Contribution Approach 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 1 Analysis of sell or process further: 32 Coarse Wool Fine Wool Superfine Wool 34 Final sales value after further processing 35 Less sales value at the split-off point 36 Incremental revenue from further processing 7 Less cost of further processing (dyeing) 38 Profit (loss) from further processing 39 40