BIS 155 FINAL EXAM
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BIS 155 FINAL EXAM
BIS 155 Final Exam
1. (TCO 1) You work for a local construction firm, “DeVry
Engineering Group” and your supervisor wants to test your knowledge and skills
with Microsoft Excel and has instructed you to develop a spreadsheet to
calculate weekly payroll for “15” employees with the following
assumptions:
• Each employee could have a standard hourly rate between
$10.00 and $30.00 per hour.
• Each employee qualifies to earn overtime at a rate of 1.5
of his or her hourly rate for every hour greater than 40 hours.
• Each employee will have a standard 7.65% deduction for
social security
• Each employee will have a standard 14.00% deduction for
Federal Taxes
• Each employee will have a standard 5.33% deduction for
State Taxes
Explain how you will structure and format your worksheet,
including titles, column headings, and formulas to calculate payroll variables
for each employee to determine “Net Pay” including and not limited to Total
Hours, Gross Pay, Social Security Tax, Federal Withholding Tax, and Sate
Withholding Tax. In addition, determine how you would extract overtime
hours from a calculated value of “Total Hours” using a conditional
formula.
In addition, your supervisor will need this weekly payroll
report on a weekly basis and instructed you to keep the payroll history of all
weeks within “1” workbook but has allowed you to decide if you would rather
keep the payroll running on one worksheet or by assigning a new worksheet for
each week. Using your knowledge learned in this class, descriptively
explain whether you would keep all weekly payrolls in one worksheet or assigned
to new worksheets by week. Defend your reasoning’s on the approach your
take based on what you have learned in this course.(Points : 40)
2. (TCO 3) You currently work for an automotive parts
supply store. Your company is growing and is considering expansion.
The company currently has three locations (North, South, and Central) in one
state. Each parts supply store carries inventory in four categories.
You have been presented with the sales figures for the last three years for
each location and inventory category by store. Based on this information,
you’re tasked with analyzing current sales for each store by category and
overall total sales by store and category.
1.) Explain your approach to setting up your worksheets and
organizing the data.
2.) Explain how you will visually represent the data for the
total sales of the individual inventory categories for each location for the
time periods shown.
3.) Explain how you will visually represent the consolidated
data for the sales of all stores and all inventory categories for all time
periods in one chart or graph.
4.) Once you have finished the above tasks, you plan to send the
Excel workbook to your manager for evaluation. Your manger is presenting
your findings to the Board of Directors for justification for additional
capital expenditures. The visually representations need to be concise and
clear by able to support the requested expenditures. Explain how you would
use the integration features of MS Office to incorporate the Excel information
into other presentation media. (Points : 40)
3. (TCO 4) You are given a spreadsheet with daily sales
numbers ordered by date from January 1st to December 31st. You have been tasked
with finding the average sales of each month, then to reorder the months so
they are listed in order from highest to lowest average sales. Give a
step-by-step explanation of how you will rearrange the data so you can analyze
the best and worst months. (Points : 40)
4. (TCO 5) You’ve just joined the staff of the XYZ
Manufacturing Company (XYZ, for short). XYZ manufactures only one product, the
gizmo. It comes in two sizes, the mini-gizmo and the magna-gizmo. Both are
difficult to manufacture, and consequently, the company closely monitors
rejected units. The company has three locations, each of which produces both
the mini and the magna-gizmos. You are automating the weekly production reports
so that you can easily calculate total production for the entire company each
week.
The mini-gizmo is priced at $3.25 per unit. The magna-gizmo is
priced at $7.00 per unit. The unit cost for a reject mini-gizmo is $1.75. The
cost for a reject magna-gizmo is $3.50. Respond fully to the following
questions regarding this task:
1.) The managers will e-mail their weekly reports to you on
Monday of the following week. You will then produce the summary report. Explain
the process for doing this. Give a sample formula to total the number of
mini-gizmos produced by the entire company in a week.
2.) Each week, you will present the combined report to your
boss, who wants to see both the summary and the individual sheets for each
location. You want to add a header with the date and your name to each page.
What is the easiest way to do this? Explain the process. (Points : 40)
5. (TCO 9) You have been tasked with analyzing an
extremely large amount of data and to ultimately produce a report to share with
the board of directors. The data is currently in a text file and has over two
thousand records of data. Explain how you would use Excel to analyze this
data and organize it to prepare a written report. Be very specific on the
variety of tools you would use and the steps you would go through to analyze
the data and to ultimately prepare a detailed report with
recommendations.
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