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: A B 1 Chapter 13: Applying Excel 2 3 Data 4 Exhibit 13-7 Santa Maria Wool Cooperative 5 Cost of wool $ 196,000 6 Cost of separation process $ 40,000 7 Sales value of intermediate products at split-off point B Undyed coarse wool $ 129,000 9 Undyed fine wool S 166,000 10 Undyed superfine wool 5 65,000 11 Costs of further processing (dyeing) intermediate products < Prev Next > Rain... 1 Chapter 13: Applying Excel A 2 3 Data 4 5 9 Exhibit 13-7 Santa Maria Wool Cooperative Cost of wool Cost of separation process 7 Sales value of intermediate products at split-off point: 8 60 Undyed coarse wool 9 Undyed fine wool 10 10 Undyed superfine wool 11 Costs of further processing (dyeing) intermediate products: Undyed coarse wool 12 13 Undyed fine wool 14 Undyed superfine wool $ 196,000 EA $ 40,000 $ 129,000 69 166,000 $ 65,000 69 $ 50,000 $ 60,000 $ 10,000 16 15 Sales value of end products: Dyed coarse wool $ 167,000 17 Dyed fine wool $ 69 202,000 18 Dyed superfine wool $ 88,000 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 intermediate 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 9 < Prev 2 E Next > c-2. If your recommendation in part (c-1) is followed, what would be the company's overall profit? Overall profit from following the plan in part (c)