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.
Download and open the file named Exp19_Excel_Ch06_Cap_DeltaPaint.xlsx. Grader has automatically added your last name to the beginning of the filename.
Create appropriate range names for Total Production Cost (cell B18) and Gross Profit (cell B21) by selection, using the values in the left column.
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.
Use the newly created range names to create a formula to calculate Net Profit (in cell B22). Net Profit = Gross Profit – Total Production Cost.
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.
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.
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.
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.
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.
Copy the number of gallons produced substitution values from the one-variable data table, and then paste the values starting in cell E26.
Type $15 in cell F25. Complete the series of substitution values from $15 to $40 at $5 increments.
Enter the reference to the net profit formula in the correct location for a two-variable data table.
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.
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.
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.
Create a second scenario named Worst Case, using the same changing cells. Enter these values for the scenario: 100, 25, and 20.
Create a third scenario named Most Likely, using the same changing cells. Enter these values for the scenario: 150, 25, and 15.
Generate a scenario summary report using the cell references for Total Production Cost and Net Profit.
Load the Solver add-in if it is not already loaded. Set the objective to calculate the highest Net Profit possible.
Use the units sold as changing variable cells.
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.
Set a constraint for labor hours. Use cell references to set constraints.
Set a constraint for maximum production capability. Units sold (B4) must be less than or equal to maximum capability per week (B7). Use cell references to set constraints.
Solve the problem. Generate the Answer Report and Keep Solver Solution.
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.
Save and close Exp19_Excel_Ch06_Cap_DeltaPaint.xlsx. Exit Excel. Submit the file as directed.
Try it now!
How it works?
Follow these simple steps to get your paper done
Place your order
Fill in the order form and provide all details of your assignment.
Proceed with the payment
Choose the payment system that suits you most.
Receive the final file
Once your paper is ready, we will email it to you.
Custom Writings Help is a Quality-Oriented Company in Online Writing as a result of hiring exceptional professionals to execute clients' tasks.
At Custom Writings Help,We understand the struggle of research paper writing, and that is why at Custom WritingS Help, we are all out to help you. We pride ourselves on having a team of clinical writers. The stringent and rigorous vetting process ensures that only the 'BEST' Writers are chosen for the job. We have highly qualified Ph.D. and MA writers working with us; we equally offer these experienced writers specific bonuses and incentives to make them deliver highly original, unique, and informative content at reasonably low prices.
Thesis Writing Service
Worlwide, Many Masters Students are struggling with Thesis Completion. A thesis is likely to be the longest and most challenging piece of work a student has ever completed. However, unlike essays and other assignments, a student can pick a particular interest topic and work on their initiative. Fortunately, we are there for you. At Custom Writings Help, you are assured of an authentic, imaginative, informative, linguistically great, and advantageous thesis that adheres to all your needs. So, why continue considering different writers when you have discovered the best in the field?
Not a single student can avoid writing custom papers. However, a total lack of experience, skills, and time makes it very hard to produce a superb writing piece. Therefore, if you are seeking professional help, turn to us. Our specialized and experienced writers compose a variety of model papers, including custom essays, college term papers, research papers, book reports, MBA essays, executive summaries, dissertations, Ph.D. theses, admission essays, and research proposals for college and university students at any level.
Most of the students disregard the critical principles of essay writing and compose papers below sensible guidelines. Therefore, with Custom Writings Help, one should not worry about his/her essay. Our Writers compose informative and engaging content on all complexities and topics. We write meaningful and smart essays while prioritizing all aspects that bring about a good grade, such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines.
Coourse Work Writing
Don't let the seemingly never-ending onslaught of writing assignments get you down. If you are looking where to get course work assistance online, the writers at Custom Writings Help are here to assist you with all of your writing needs. We undertake to unique delivery of papers that meet the professor's requirements. The content is proofread, edited, and checked plagiarism before submission to customers. No matter how big or small your work is, we will deliver on time. Try US Now! !
Dissertation Writing Service
High-Quality Dissertation Writing Services are rare. They require Ph.D. academicians – not easily found. However, are an exception. The years, time, and resources we have invested in the dissertation world has given us a competitive advantage over others. Choose to come to Custom Writings Help; You will find perfect Ph.D. consultants who have written hundreds of dissertations theses ready to help you. Let our dissertation-writing services help you craft your dissertation, for you are assured we will give you the results.