Required Information Chapter 13: Applying Excel (Algo) (L013-7) The Chapter 13 Form worksheet is to be used to create your own worksheet version of the main example in the text. Chapter 13: Applying Excel: Exercise (Part 2 of 2) (Algo) 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: $ $ 197,000 40,000 1 Chapter 13: Applying Excel 2 3 Data 4 Exhibit 13.7 Santa Maria Wool Cooperative 5 Cost of wool Cost of separation process 7 Sales value of intermediate products at split-off point: 8 Undyed course wool 9 Undyed fine wool 10 Undyod superfine wool 11 Costs of further processing (dyeing) intermediate products: 12 Undyed coarse wool 13 Undyed fine wool $ 128,000 170,000 $ $ 62,000 $ $ 50,000 60,000 A B 1 Chapter 13: Applying Excel 2 $ 197,000 40,000 6 $ $ $ 126,000 170,000 62,000 S 3 Data 4 Exhibit 13-7 Santa Maria Wool Cooperative 5 Cost of wool Cost of separation process 7 Sales value of intermediate products at split-off point: 8 Undyed course wool 9 Undyed fine wool 10 Undyod superfine wool 11 Costs of further processing (dyoing) intermediate products: 12 Undyed coarse wool 13 Undyed fino wool 14 Undyed superfino wool 15 Salen value of end products: 16 Dyed coarse wool 17 Dyed fine wool 18 Dyed superfine wool $ $ $ 50,000 60,000 10,000 $ $ 155,000 202,000 89,000 $ 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? Overall profit from processing all intermedinte 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 01. 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? Soll 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 (-1) is followed, what would be the company's overall profit? Overall profit from following the plan in part (c)