Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Solve with excel formulas please!! Below is information for Excel Problem #4. The information has also been input into the spreadsheet provided for you to
Solve with excel formulas please!!
Below is information for Excel Problem \#4. The information has also been input into the spreadsheet provided for you to submit your solution. Excelsior Company manufactures three products in a joint process that costs $210,000. Initial processing results in the following number of units of each product: At the initial split off point the products can be sold for the prices below: Instead of selling the products at split off, Excelsior could spend an additional $50,000 to process Product A further, which would result in a new sales price for Product A of $75 per unit. Excelsior could also process Product B further at a cost of $70,000, which would result in a new sales price for Product B of $90 per unit and could process Product C further at a cost of (use the last five digits of your student ID for the cost of further processing Product C), resulting in a new sales price for Product C of $45 per unit. The three tasks to complete in the spreadsheet are: 1. Complete the schedule provided to illustrate the financial advantage or disadvantage of further processing each of the products (be sure disadvantages appear as negative numbers). ( 2 points) 2. Based on your schedule in question #1, put an X in the relevant cell to indicate which product(s) should be sold at split-off and which processed further? (1 point) 3. Complete the schedule provided to compute the total profit earned if units are sold as indicated by your answer to question #2. (2 points) Remaining 5 points are for having a working spreadsheet that recalculates if one of the given variables is changed. Complete the sahodule below to illustrate the financlal advantage or diradvantace of further procesaing of each proskuct. fased on your thart in queation 1. put an x in the relenant cell for each of the products to indicate ahether it thesld be seld at sp Complete the seheduie provided to cempute the total prefit earned if verits are sold as indicated tor rour antwer to queution 2 Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started