BIS 155 Week 8 Final Exam

BIS
155 Week 8 Final Exam

1. (TCO
1) You work for a local construction
firm, “DeVry Engineering Group” and your supervisor wants to test
your knowledge and skills with Microsoft Excel and has instructed you to
develop a spreadsheet to calculate weekly payroll for “15” employees with
the following assumptions:

• Each employee could have a standard hourly rate between $10.00 and
$30.00 per hour.
• Each employee qualifies to earn overtime at a rate of 1.5 of his or her
hourly rate for every hour greater than 40 hours.
• Each employee will have a standard 7.65% deduction for social security
• Each employee will have a standard 14.00% deduction for Federal Taxes
• Each employee will have a standard 5.33% deduction for State Taxes
Explain how you will structure and
format your worksheet, including titles, column headings, and formulas to
calculate payroll variables for each employee to determine “Net Pay”
including and not limited to Total Hours, Gross Pay, Social Security Tax,
Federal Withholding Tax, and Sate Withholding Tax. In addition, determine
how you would extract overtime hours from a calculated value of “Total
Hours” using a conditional formula.

In addition, your supervisor will need this weekly payroll report on a weekly
basis and instructed you to keep the payroll history of all weeks within
“1” workbook but has allowed you to decide if you would rather keep
the payroll running on one worksheet or by assigning a new worksheet for each
week. Using your knowledge learned in this class, descriptively explain
whether you would keep all weekly payrolls in one worksheet or assigned to new
worksheets by week. Defend your reasoning’s on the approach your take
based on what you have learned in this course.(Points : 40)

2. (TCO 3) You currently work
for an automotive parts supply store. Your company is growing and is
considering expansion. The company currently has three locations (North,
South, and Central) in one state. Each parts supply store carries
inventory in four categories. You have been presented with the sales figures
for the last three years for each location and inventory category by
store. Based on this information, you’re tasked with analyzing current
sales for each store by category and overall total sales by store and category.

1.) Explain your approach to setting up your worksheets and organizing the
data.

2.) Explain how you will visually represent the data for the total sales of the
individual inventory categories for each location for the time periods shown.

3.) Explain how you will visually represent the consolidated data for the sales
of all stores and all inventory categories for all time periods in one chart or
graph.

4.) Once you have finished the above tasks, you plan to send the Excel workbook
to your manager for evaluation. Your manger is presenting your findings
to the Board of Directors for justification for additional capital
expenditures. The visually representations need to be concise and clear
by able to support the requested expenditures. Explain how you would use
the integration features of MS Office to incorporate the Excel information into
other presentation media. (Points : 40)

3. (TCO 4) You are given a
spreadsheet with daily sales numbers ordered by date from January 1st to
December 31st. You have been tasked with finding the average sales of each
month, then to reorder the months so they are listed in order from highest to
lowest average sales. Give a step-by-step explanation of how you will
rearrange the data so you can analyze the best and worst months. (Points : 40)

4. (TCO 5) You’ve just joined
the staff of the XYZ Manufacturing Company (XYZ, for short). XYZ manufactures
only one product, the gizmo. It comes in two sizes, the mini-gizmo and the
magna-gizmo. Both are difficult to manufacture, and consequently, the company
closely monitors rejected units. The company has three locations, each of which
produces both the mini and the magna-gizmos. You are automating the weekly
production reports so that you can easily calculate total production for the
entire company each week.
The mini-gizmo is priced at $3.25 per unit. The magna-gizmo is priced at $7.00
per unit. The unit cost for a reject mini-gizmo is $1.75. The cost for a reject
magna-gizmo is $3.50. Respond fully to the following questions regarding this
task:
1.) The managers will e-mail their
weekly reports to you on Monday of the following week. You will then produce
the summary report. Explain the process for doing this. Give a sample formula
to total the number of mini-gizmos produced by the entire company in a week.

2.) Each week, you will present the
combined report to your boss, who wants to see both the summary and the
individual sheets for each location. You want to add a header with the date and
your name to each page. What is the easiest way to do this? Explain the process.
(Points : 40)
5. (TCO
9) You have been tasked with analyzing
an extremely large amount of data and to ultimately produce a report to share
with the board of directors. The data is currently in a text file and has over
two thousand records of data. Explain how you would use Excel to analyze
this data and organize it to prepare a written report. Be very specific on the
variety of tools you would use and the steps you would go through to analyze
the data and to ultimately prepare a detailed report with recommendations.