Enter ??the reference to the net profit formula in the correct location for a ??two-variable data table. 13 Com

Excel Chapter 6 Grader Project – Delta Paint | Exp19_Excel_Ch06_CapAssessment_Delta_Paint

12

Enter   the reference to the net profit formula in the correct location for a   two-variable data table.

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.

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.

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.

16

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 (The raw materials consumed must be less than or equal to the raw   materials available). 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. Units sold (B4) must be less   than or equal to maximum capability per week (B7). Use cell references to set   constraints.

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Solve   the problem. Generate the Answer Report and Keep Solver Solution.

25

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 Exp19_Excel_Ch06_Cap_DeltaPaint.xlsx.   Exit Excel. Submit the file as directed.