# SOLUTION: Auburn Career Center Ch 16 Delta Paint Maximize Profit Worksheet

SOLUTION: Auburn Career Center Ch 16 Delta Paint Maximize Profit Worksheet.

Delta Paint
Input
Units Sold
Unit Selling Price
Employee Hourly Wage
Maximum Capabilty per week
\$
\$
Limitations
Raw Materials in Units
Required raw materials per unit
Required Labor Hours Per Gallon
Labor Hours available
Expenses
Raw Materials Consumed
Labor Hours Consumed
Total Production Cost
100
30,00
15,00
200
15000
3
0,25
2.000
\$
300
25
375,00
\$
\$
3.000
2.625
Income
Gross Profit
Net Profit
One-Variable Data Table: Production
Two-Variable Data Table: Production and Manufacturing Time
Office 2016 – myitlab:grader – Instructions
Excel Project
EX16_XL_CH06_GRADER_CAP_HW – Delta Paint 1.5
Project Description:
You are the production manager for Delta Paint, a regional manufacturing company that specializes in customized
paints. Your company sells paint by the gallon, and you have the task of forecasting the best production blends to
maximize profit and most effectively utilize resources.
Instructions:
For the purpose of grading the project you are required to perform the following tasks:
Step
Points
Possible
Instructions
1
0
2
Create appropriate range names for Total Production Cost (cell B18) and Gross Profit (cell
B21) by selection, using the values in the left column.
3
3
Edit the existing name range Employee_Hourly_Wage to Hourly_Wages2018.
Note, Mac users, in the Define Name dialog box, add the new named range, and delete the
original one.
3
4
Use the newly created range names to create a formula to calculate Net Profit (in cell B22).
4
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.
5
6
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.
2
7
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.
3
8
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.
5
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.
3
Copy the number of gallons produced substitution values from the one-variable data table,
and then paste the values starting in cell E26.
4
10
Updated: 02/28/2018
1
Current_Instruction.docx
Office 2016 – myitlab:grader – Instructions
Step
Excel Project
Points
Possible
Instructions
11
Type \$15 in cell F25. Complete the series of substitution values from \$15 to \$40 at \$5
increments.
4
12
Enter the reference to the net profit formula in the correct location for a two-variable data
table.
4
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 with two
decimal places.
10
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.
3
15
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.
4
16
Create a second scenario named Worst Case, using the same changing cells. Enter these
values for the scenario: 100, 25, and 20.
4
17
Create a third scenario named Most Likely, using the same changing cells. Enter these
values for the scenario: 150, 25, and 15.
4
18
Generate a scenario summary report using the cell references for Total Production Cost and
Net Profit.
5
19
Load the Solver add-in if it is not already loaded. Set the objective to calculate the highest Net
Profit possible.
5
20
Use the units sold as changing variable cells.
4
21
Use the Limitations section of the spreadsheet model to set a constraint for raw materials. Use
cell references to set constraints.
4
22
Set a constraint for labor hours. Use cell references to set constraints.
4
23
Set a constraint for maximum production capability. Use cell references to set constraints.
4
Updated: 02/28/2018
2
Current_Instruction.docx
Office 2016 – myitlab:grader – Instructions
Step
Excel Project
Points
Possible
Instructions
24
Solve the problem. Generate the Answer Report and Keep Solver Solution.
5
25
Create a footer on all four worksheets with your name on the left side, the sheet name code in
the center, and the file name code on the right side.
4
26
Save and close the file. Based on your instructor’s directions, submit
0
Total Points
Updated: 02/28/2018
3
100
Current_Instruction.docx

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