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Download the Applying Excel form and enter formulas in all cells that contain question marks. For...

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.

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.

Chapter 12: Applying Excel

Data

Exhibit 12-7 Santa Maria Wool Cooperative

Cost of wool

$200,000

Cost of separation process

$40,000

Sales value of intermediate products at split-off point:

Undyed coarse wool

$120,000

Undyed fine wool

$150,000

Undyed superfine wool

$60,000

Costs of further processing (dyeing) intermediate products:

Undyed coarse wool

$50,000

Undyed fine wool

$60,000

Undyed superfine wool

$10,000

Sales value of end products:

Dyed coarse wool

$160,000

Dyed fine wool

$240,000

Dyed superfine wool

$90,000

Enter a formula into each of the cells marked with a ? below

Example: Joint Product Costs and the Contribution Approach

Analysis of the profitability of the overall operation:

Combined final sales value

?

Less costs of producing the end products:

Cost of wool

?

Cost of separation process

?

Combined costs of dyeing

?

?

Profit

?

Analysis of sell or process further:

Coarse

Fine

Superfine

Wool

Wool

Wool

Final sales value after further processing

?

?

?

Less sales value at the split-off point

?

?

?

Incremental revenue from further processing

?

?

?

Less cost of further processing (dyeing)

?

?

?

Profit (loss) from further processing

?

?

?

Solutions

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