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Just show the step by step process on how to get it Assignment Instructions 5 Create a new worksheet labeled Range Names, paste the newly
Just show the step by step process on how to get it
Assignment Instructions 5 Create 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. Ensure that the data is sorted by range name, column A. On 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. Enter 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. Complete 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. 9 Apply 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. 10 Copy the number of gallons produced substitution values from the one-variable data table, and then paste the values starting in cell E26. 11 Type $15 in cell F25. Complete the series of substitution values from $15 to $40 at $5 increments. 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 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. 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. 17 Create a third scenario named Most Likely, using the same changing cells. Enter these values for the scenario: 150,25 , and 15. 18 Generate a scenario summary report using the cell references for Total Production Cost and Net Profit. \begin{tabular}{|l|l|} \hline 19 & LoadtheSolveradd-inifitisnotalreadyloaded.SettheobjectivetocalculatethehighestNetProfitpossible. \\ \hline 20 & Use the units sold as changing variable cells. \\ \hline 21 & UsetheLimitationssectionofthespreadsheetmodeltosetaconstraintforrawmaterials(Therawmaterialsconsumedmustbelessthanorequaltotherawmaterialsavailable).Usecellreferencestosetconstraints. \\ \hline 22 & Setaconstraintforlaborhours.Usecellreferencestosetconstraints. \\ \hline 23 & Setaconstraintformaximumproductioncapability.Unitssold(B4)mustbelessthanorequaltomaximumcapabilityperweek(B7).Usecellreferencestosetconstraints. \\ \hline 24 & SolvethepromerAnswerReportandKeepSolverSon \\ \hline \end{tabular} Assignment Instructions 5 Create 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. Ensure that the data is sorted by range name, column A. On 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. Enter 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. Complete 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. 9 Apply 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. 10 Copy the number of gallons produced substitution values from the one-variable data table, and then paste the values starting in cell E26. 11 Type $15 in cell F25. Complete the series of substitution values from $15 to $40 at $5 increments. 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 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. 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. 17 Create a third scenario named Most Likely, using the same changing cells. Enter these values for the scenario: 150,25 , and 15. 18 Generate a scenario summary report using the cell references for Total Production Cost and Net Profit. \begin{tabular}{|l|l|} \hline 19 & LoadtheSolveradd-inifitisnotalreadyloaded.SettheobjectivetocalculatethehighestNetProfitpossible. \\ \hline 20 & Use the units sold as changing variable cells. \\ \hline 21 & UsetheLimitationssectionofthespreadsheetmodeltosetaconstraintforrawmaterials(Therawmaterialsconsumedmustbelessthanorequaltotherawmaterialsavailable).Usecellreferencestosetconstraints. \\ \hline 22 & Setaconstraintforlaborhours.Usecellreferencestosetconstraints. \\ \hline 23 & Setaconstraintformaximumproductioncapability.Unitssold(B4)mustbelessthanorequaltomaximumcapabilityperweek(B7).Usecellreferencestosetconstraints. \\ \hline 24 & SolvethepromerAnswerReportandKeepSolverSon \\ \hline \end{tabular}Step by Step Solution
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