Learning Objectives When you have finished this assignment, you should be able to: 1. Create pivot tables to analyze data. 2. Format numbers in pivot tables. 3. Calculate gross profit for a manufacturer with no inventories. 4. Rename worksheets in tabs with different colors. Background: Ivy Corporation manufactures a variety of indoor and outdoor furniture. It has several manufacturing facilities located in six different states or provinces: Ontario and British Columbia in Canada, and Kansas, North Carolina, Ohio, and Texas in the United States. Each manufacturing facility makes its own unique products. The company uses just-in-time inventory management, so it has no significant inventory. Ivy has five sales representatives who can sell products from any of its manufacturing facilities. All transactions in Ivy's job cost system for the most recent month have been exported to an Excel file that can be downloaded at http://tiny.cc/ivydata. In this transaction file, revenue amounts are shown as positive numbers while all costs shown as negative numbers. The transactions file contains the following fields: Job # Customer # Customer name Sales rep Facility Country General ledger account Amount Job costs in Ivy's system are tracked using four different general ledger numbers: G/L #3100 - Revenue; G/L #4101 - Direct material; G/L #4301 - Direct labor; and G/L #4501 - Manufacturing overhead. Note that in this case, gross profit is simplified because there are no inventories! * This case is adapted from one by Dr. Wendy Tietz General instructions Before you start: At home, before starting this in lab, watch the tutorial video and practice using the tutorial data set, which is similar but smaller than the actual data set: Here is the link to the tutorial (link) and to the tutorial data set (link). In class: Create pivot tables (link) in separate worksheets to calculate answers for each of the following requirements. Rename each of the pivot table worksheets (link) from the default names to "Pivot table 1," "Pivot table 2," etc. Format dollar amounts in all pivot tables with the accounting format, zero decimal places (Windows | Mac). Change the column and row labels to better reflect the data. (General Ledger Accounts, Gross Profit, Total.) Make each worksheet tab a different color. 1. Pivot table #1 (Check figure: Cell B7 should be $ (429,680)) Create a pivot table to answer the following questions. Type your answers into the questions in Connect. (Not all questions are in Connect but your pivot table should answer all of them.) a. What is the total revenue? b. What is the total direct material used? c. What is the total direct labor used? d. What is the total manufacturing overhead applied? e. What is the total gross profit? 2. Pivot table #2 (Check figure: G/L #4501 - Mfg. overhead should be $ (74,461) for the Ontario facility) What is the total revenue, total direct material, total direct labor, total manufacturing overhead, and total gross profit? a. for each country? b. for each state or province? c. Which manufacturing facility has the most gross profit? Which has the least? d. Which country's manufacturing facilities generate the most gross profit? 3. Pivot table #3 (Check figure: Cell F936 should be $ 1,293) a. What is the revenue generated by each job? How much revenue did job 3515 generate? b. What are the totals of direct material, direct labor, and manufacturing overhead costs for each job? How much direct materials did job 3535 use? c. What is the gross profit generated by each job? Answer the questions in d. d. Which job generated the most gross profit? Which generated the least gross profit? Hint: Sort the pivot table by gross profit (link). 4. Pivot table #4 (Check figure: Sophia Payne's Ontario revenues should equal $ 151,580) a. What is the revenue generated by each sales rep? How much revenue did Franklin Smithers generate? b. Which sales rep generates the most revenue? Which generates the least? c. How much of each sales rep's revenue is generated from facilities in Canada? From facilities in the United States? Hint: Use a filter in the pivot table (Windows | Mac). How much revenue did Hallie Vang generate in Canada? d. How much of each sales rep's revenue is generated by each of the facilities within each country? Hint: Use a filter in the pivot table (Windows | Mac). How much of Sophie Payne's revenue was generated in Kansas? Grading Rubric Four pivot tables were created with the correct data 4 points Pivot table numbers correctly formatted 2 points Pivot table columns and rows labeled 2 points Worksheet has five different tab colors 1 points Correct answers to questions in Connect (12 questions) 6 points Total 15 points