Exp19_Excel_Ch06_CumulativeAssessment_Variation_Delta_Paint_Instructions
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Date
Dec 6, 2023
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docx
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Uploaded by CommodoreMetalSkunk14
Grader - Instructions
Excel 2022 Project
Exp19_Excel_Ch06_CumulativeAssessment_Variation_Delta_Paint
Project Description:
You are the production manager for Delta Paint, a regional manufacturing company that specializes in customized paints. Your
company sells paint by the gallon, and you have the task of forecasting the best production blends to maximize profit and most
effectively utilize resources.
Steps to Perform:
Step
Instructions
Points
Possible
1
Download and open the file named
Exp22_Excel_Ch06_CumulativeAssessment_Variation_DeltaPaint.xls
x
. Grader has automatically added your last name to the beginning of
the filename.
0
2
Create appropriate range names for Total Production Cost (cell B18)
and Gross Profit (cell B21) by selection, using the values in the left
column.
3
3
Edit the existing name range Employee_Hourly_Wage to
Hourly_Wages2021
.
Note, Mac users, in the Define Name dialog box, add the new named
range, and delete the original one.
3
4
Use the newly created range names to create a formula to calculate
Net Profit (in cell B22). Net Profit = Gross Profit - Total Production
Cost.
4
5
Create a new worksheet labeled
Range Names
, paste the newly
created range name information in cell A1, and resize the columns as
needed for proper display.
5
6
On the Forecast sheet, start in cell E3. Complete the series of
substitution values ranging from
10
to 200 at increments of 10 gallons
vertically down column E.
2
7
Enter references to the Total_Production_Cost, Gross_Profit, and Net
Profit cells in the correct locations (F2, G2, and H2 respectively) for a
one-variable data table. Use range names where indicated.
3
8
Complete the one-variable data table in the range E2:H22 using cell
B4 as the column input cell, and then format the results with
Accounting Number Format with two decimal places.
5
9
Apply custom number formats to make the formula references appear
as descriptive column headings. In F2,
Total Costs
; in G2,
Gross
Profit
, in H2,
Net Profit
. Bold and center the headings and
3
Created On: 07/11/2022
1
Exp22_Excel_CH06_CumulativeAssessment_Variation - Delta Paint
1.0
Grader - Instructions
Excel 2022 Project
Step
Instructions
Points
Possible
substitution values.
10
Copy the number of gallons produced substitution values from the
one-variable data table, and then paste the values starting in cell E26.
4
11
Type
$15
in cell F25. Complete the series of substitution values from
$15 to $40 at $5 increments.
4
12
Enter the reference to the net profit formula in the correct location for a
two-variable data table.
4
13
Complete the two-variable data table in the range E25:K45. Use cell
B6 as the Row input cell and
B4 as the Column input cell. Format the
results with Accounting Number Format with two decimal places.
10
14
Apply a custom number format to make the formula reference appear
as a descriptive column heading
Wages
. Bold and center the headings
and substitution values where necessary.
3
15
Create a scenario named
Best Case
, using Units Sold, Unit Selling
Price, and Employee Hourly Wage (use cell references). Enter these
values for the scenario:
200
,
30
, and
15
.
4
16
Create a second scenario named
Worst Case
, using the same
changing cells. Enter these values for the scenario:
100
,
25
, and
20
.
4
17
Create a third scenario named
Most Likely
, using the same changing
cells. Enter these values for the scenario:
150
,
25
, and
15
.
4
18
Generate a scenario summary report using the cell references for Total
Production Cost and Net Profit.
5
19
Load the Solver add-in if it is not already loaded. Set the objective to
calculate the highest Net Profit possible.
5
20
Use the units sold as changing variable cells.
4
21
Use the Limitations section of the spreadsheet model to set a
constraint for raw materials (The raw materials consumed must be less
than or equal to the raw materials available). Use cell references to set
constraints.
4
22
Set a constraint for labor hours. Use cell references to set constraints.
4
23
Set a constraint for maximum production capability. Units sold (B4)
must be less than or equal to maximum capability per week (B7). Use
4
Created On: 07/11/2022
2
Exp22_Excel_CH06_CumulativeAssessment_Variation - Delta Paint
1.0
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