Paper Instructions

EX16_XL_CH06_GRADER_CAP_HW – Delta Paint 1.5

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.

Instructions:

For the purpose of grading the project you are required to perform the following tasks:

StepInstructionsPoints Possible
1Open the download file exploring_e06_grader_Capstone_Start.xlsx.0
2Create appropriate range names for Total Production Cost (cell B18) and Gross Profit (cell B21) by selection, using the values in the left column.3
3Edit the existing name range Employee_Hourly_Wage to Hourly_Wages2018.
Note, Mac users, in the Define Name dialog box, add the new named range, and delete the original one.
3
4Use the newly created range names to create a formula to calculate Net Profit (in cell B22).4
5Create 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
6On 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
7Enter 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
8Complete 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
9Apply 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.3
10Copy the number of gallons produced substitution values from the one-variable data table, and then paste the values starting in cell E26.4
11Type $15 in cell F25. Complete the series of substitution values from $15 to $40 at $5 increments.4
12Enter the reference to the net profit formula in the correct location for a two-variable data table.4
13Complete 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
14Apply 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
15Create 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
16Create a second scenario named Worst Case, using the same changing cells. Enter these values for the scenario: 100, 25, and 20.4
17Create a third scenario named Most Likely, using the same changing cells. Enter these values for the scenario: 150, 25, and 15.4
18Generate a scenario summary report using the cell references for Total Production Cost and Net Profit.5
19Load the Solver add-in if it is not already loaded. Set the objective to calculate the highest Net Profit possible.5
20Use the units sold as changing variable cells.4
21Use the Limitations section of the spreadsheet model to set a constraint for raw materials. Use cell references to set constraints.4
22Set a constraint for labor hours. Use cell references to set constraints.4
23Set a constraint for maximum production capability. Use cell references to set constraints.4
24Solve the problem. Generate the Answer Report and Keep Solver Solution.5
25Create 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.4
26Save and close the file. Based on your instructor’s directions, submit exploring_e06_grader_Capstone.xlsx.0
 Total Points100
Delta PaintOne-Variable Data Table: Production 
    
Input 
Units Sold100 
Unit Selling Price $             30.00 
Employee Hourly Wage $             15.00 
Maximum Capabilty per week200 
 
Limitations 
Raw Materials in Units15000 
Required raw materials per unit3 
Required Labor Hours Per Gallon0.25 
Labor Hours available                2,000 
 
Expenses 
Raw Materials Consumed300 
Labor Hours Consumed25 
Total Production Cost $          375.00 
 
Income 
Gross Profit $             3,000 
Net Profit $             2,625 
Two-Variable Data Table: Production and Manufacturing Time  
       
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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