Open the download file exploring_e06_grader_Capstone_Start.xlsx. - not absolutely
Assignment Store
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Open the download file exploring_e06_grader_Capstone_Start.xlsx.
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Create appropriate range names for Total Production Cost (cell B18) and Gross Profit (cell B21) by selection, using the values in the left column.
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Edit the existing name range Employee_Hourly_Wage toHourly_Wages2018.
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Use the newly created range names to create a formula to calculate Net Profit (in cell B22).
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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.
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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.
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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.
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Complete the one-variable data table in the range F3:H22 using cell B4 as the column input cell, and then format the results with Accounting Number Format with two decimal places.
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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 substitution values.
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Copy the number of gallons produced substitution values from the one-variable data table, and then paste the values starting in cell E26.
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Type $15 in cell F25. Complete the series of substitution values from $15 to $40 at $5 increments.
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Enter the reference to the net profit formula in the correct location for a two-variable data table.
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Complete the two-variable data table in the range F26:K45. Use cell B6 as the Row input cell andB4 as the Column input cell. Format the results with Accounting Number Format with two decimal places.
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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.
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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.
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Create a second scenario named Worst Case, using the same changing cells. Enter these values for the scenario: 100, 25, and 20.
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Create a third scenario named Most Likely, using the same changing cells. Enter these values for the scenario: 150, 25, and 15.
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Generate a scenario summary report using the cell references for Total Production Cost and Net Profit.
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Load the Solver add-in if it is not already loaded. Set the objective to calculate the highest Net Profit possible.
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Use the units sold as changing variable cells.
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Use the Limitations section of the spreadsheet model to set a constraint for raw materials. Use cell references to set constraints.
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Set a constraint for labor hours. Use cell references to set constraints.
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Set a constraint for maximum production capability. Use cell references to set constraints.
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Solve the problem. Generate the Answer Report and Keep Solver Solution.
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Create a footer on all four worksheets with your name on the left side, the sheet name code in the center, and the file name code on the right side.
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Save and close the file. Based on your instructor’s directions, submit exploring_e06_grader_Capstone.xlsx.
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Total Points
100.000
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