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fixes and improvements. To complete the process, the app needs to restart. 1. Open the workbook named Mighty.xIsx and save it as MightyToys(your last name).xIsx.
fixes and improvements. To complete the process, the app needs to restart. 1. Open the workbook named Mighty.xIsx and save it as MightyToys(your last name).xIsx. 2. Create a new worksheet called Lookup to the right of Purchase Plan. In the Lookup sheet, enter your name in cell Al, and create a table that has monetary information on each of the toys: a. Blue Raider Urban Adventure Set has a retail price of $19.95, a unit cost of $15.36, and a storage cost of $.15. b. Super Action Kit has a retail price of $14.95, a unit cost of $14.21, and a storage cost of $.10. c. Blue Raider Outdoor Set has a retail price of $16.95, a unit cost of $13.77, and a storage cost of $.25. d. Hiking Kit has a retail price of $11.95, a unit cost of $10.03, and a storage cost of $.15. 3. On the Purchase Plan sheet, write the formulas that will populate the retail price, unit cost, and storage cost per unit in their respective cells. 4. Write the formulas that calculate the gross revenue (number purchased multiplied by the retail price), the total unit cost (unit cost multiplied by the number purchased), the total storage cost (storage cost per unit multiplied by the number purchased), the total cost (total unit cost plus total storage cost), and the profit (gross revenue minus the total cost) for each of the toys. 5. Write the formulas to add the total number of toys purchased in cell B8, the total cost in cell 18, and the total profit in cell J8. Check that formulas entered in Step 4 link the objective cell (total profit) with the variable cells. Add sample values to the variable cells to ensure that your worksheet is set up correctly and produces the expected results. 6. Create a constraints list in the worksheet that identifies the constraints in this problem. 7. Format all monetary fields as Accounting with two decimal places. 8. Use Solver to determine the best way to purchase the Mighty Toys sets and kits and maximize the profit. 9. Produce an answer report of your final solution. Use the answer report to recommend additional changes that might maximize the total profit. Place your recommendations in a cell on the answer report worksheet.AutoSave OFF 3 Module 2 Part 2 - Mighty Toys (Empty) (3) ~ Home Insert Draw Page Layout Formulas Data Review View Automate Tell me Comments Share Arial 10 AA 27 V >q V General Insert v EX Delete v . ZY- O. Paste BI UV VD VAV $ ~ % 9 Conditional Format Cell Sort & Find & Analyze Formatting as Table Styles Format v Sensitivity Filter Select Data 4 x v fx | Mighty Toys Purchasing Plan B C D E F G H J Mighty Toys Purchasing Plan Number Storage Cost Purchased Retail Price Gross Revenue Unit Cost |Total Unit Cost per Unit Total Storage Cost Total Cost Profit Blue Raider Urban Adventure Set Super Action Kit Blue Raider Outdoor Set Hiking Kit Total Constraints: Total Cost (18) Blue Raider Urban Adventure Set (B4) super Action Kit (B5) Blue Raider Outdoor Set (B6) iking Kit (B7) umber Purchased (B4:B7) otal Number Purchased uper Action Kit (B5) king Kit (B7) ue Raider Outdoor Set (B6) + Purchase Plan + stination and press ENTER or choose Paste 136%
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