Download the Applying Excel form and enter formulas inall cells that contain question marks.

For example, in cell C26 enter the formula "= B5".

Verify that your worksheet matches the example in thetext.

Check your worksheet by changing the cost of further processingundyed coarse wool in cell B12 to $30,000. The overall profit fromprocessing all intermediate products into final products should nowbe $150,000 and the profit from further processing undyed coarsewool should now be $10,000. If you do not get these answers, findthe errors in your worksheet and correct them.

Save your completed Applying Excel form to yourcomputer and then upload it here by clicking “Browse.” Next, click“Save.” You will use this worksheet to answer the questions in Part2.

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 ContributionApproach
Analysis of the profitability of the overalloperation:
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 processfurther:
	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	?	?	?