BIS 155 Final Exam

BIS
155 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.