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The worksheet FabricCosts.xisx contains an estimate of the costs for making a red silk dress. Each of the material components and unit costs has been

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The worksheet FabricCosts.xisx contains an estimate of the costs for making a red silk dress. Each of the material components and unit costs has been entered into the worksheet. However, there are several problems that need to be corrected before this worksheet is complete. Answer the questions within the sheet in the corresponding colored cells and/or make corrections as described below: 1. What is the problem with cell D2? Explain it in the yellow shaded area provided below the 2. If cell E2 contains the formula B2 D2 and it is copied down through cell E6, why does cell E6 display 3. what precise value is stored in cell!? Place your answer ("precise value is: ".) in the orange cells 4. Name the cell J1 shipping. In cell E8 write a formula to calculate the shipping cost assuming shipping spreadsheet. Correct the problem. the value 0? Place your answer in the blue cells adjacent to the question. adjacent to the question. is estimated at 10% of total costs. Use your named range. Format as currency. (put this directly cell E8) 5. What is the problem with cells F3:F6? Correct the formula in cell F2 and copy it down. Place your answer in the pink cells adjacent to the question. 6. A Chinese company has offered to supply and ship all of these materials for $46. In cell F10 is a calculation for the percent difference between the price you calculated and the price the Chinese offered. The percent difference is the difference in costs (new costs less the original costs including shipping) divided by the original cost. Is the formula correct? Why or why not? Place your answer (including correct formula if needed) in the bright green cells in area below. Copy the contents of cell E7 to cell K1. .. What value will result and why? Place your answer in the tan cells adjacent to the question. 7

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