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To demonstrate your skill with Microsoft Excel, you’ll create two separate Excel files.
Inventory and Payroll are two of the most common uses for Excel. For the first Excel file you will create an Inventory spreadsheet based on the given scenario. For the second excel spreadsheet you will create a payroll based ion the given scenario.
The Inventory scenario is based on a fictitious custom bike builder. Of course, the data given for the scenario is a small sampling of what a shop’s inventory would be. The data represents an end of month quantity and is being used to determine, the balance on hand and which items need to be reorder, if any.
The Payroll scenario is, of course, also just a snapshot of the calculations needed for a company’s payroll.
In an Excel file named Inventory create three sheets named Inventory, Bikes_Made, and Items_Used. Input the data given here. (You should use the previous year for the date.) In addition to the columns given in the inventory data table, add three more columns on your sheet named Balance on Hand, Value of Inventory, and Reorder.
Create a simple formula to calculate the Value of Inventory and complex formulas using the using the data from the three separate sheets to calculate the balance on hand whether the balance on hand is enough, or it is time to reorder the item. If it is time to reorder the item, the cell should contain the word REORDER and the cell should be filled with the color red.
Enter the data listed below.
INVENTORY: DATE RECEIVED, ITEM, COST, INVOICE
OO 4/1/xx, 12 H Front Brakes, unit cost $3.75, invoice number RG970563 OO 4/4/20xx, 22 20”R Rims, unit cost $24.00, invoice number ED99123
OO 4/12/20xx, 75 front reflectors, unit cost $0.50, invoice number JEO1713 OO 4/12/20xx, 50 rear reflectors, unit cost $0.50, invoice number JEO1713 OO 4/21/20xx, 55 20”F Rims, unit cost $15.00, invoice number ED99455
OO 4/13/20xx, 210 32 teeth sprockets, unit cost $14.25, invoice number SC831 OO 4/23/20xx, 180 36 teeth sprockets, unit cost $28.00, invoice number SC831 OO 4/25/20xx, 25 white seats, unit cost $8.00, invoice number WT389
© PENN FOSTER, INC. 2016 COMPUTER APPLICATIONS PAGE 6 Challenge Assessment
Enter the following data: Bikes Made OO MX100
OJanuary 12 OFebruary 15 OMarch 20 OApril 24 OMay 30
OO MX2000 OJanuary 11
OFebruary 10 OMarch 11 OApril 12 OMay 14
Enter the following data: Number of Items Used on Each Bike OO MX100
OH. Front Breaks 1 O20”R Rims 1
OFront Reflectors 1 ORear Reflectors 1 O20” F Rims 1
O32 Teeth Sprockets 2 O36 Teeth Sprockets 0 OWhite Seats 1 ONobbie Tires 0 ORegular Tires 2
© PENN FOSTER, INC. 2016 COMPUTER APPLICATIONS PAGE 7 Challenge Assessment
OH. Front Breaks 1
O20”R Rims 1
OFront Reflectors 1 ORear Reflectors 1 O20” F Rims 1
O32 Teeth Sprockets 0 O36 Teeth Sprockets 2 OWhite Seats 1 ONobbie Tires 2 ORegular Tires 0
OO Reorder Point
OH. Front Breaks 150
O20”R Rims 250
OFront Reflectors 500 ORear Reflectors 500 O20” F Rims 250
O32 Teeth Sprockets 250 O36 Teeth Sprockets 250 OWhite Seats 150 ONobbie Tires 100 ORegular Tires 100
Create an Excel spreadsheet named Payroll.
Columns: Name, class, clock hours, gross earnings, health deductions, pension annuity, general deductions, and net earnings.
The spreadsheet should show a grand total for clock hours, gross earnings, health deductions, pension annuity, general deductions, and net earnings.
© PENN FOSTER, INC. 2016 COMPUTER APPLICATIONS PAGE 8 Challenge Assessment
Ten employees with three different classes: Journeyman (1), Apprentice(2), and Welder Cleanup(3).
Enter the following data (name, class, clock hours, gross earnings):
1 145.5 2 160
2 120.5 3 80
$3,200.00 $3,200.00 $2,800.00 $3,3550.00 $3,500.00 $2,910.00 $2,400.00 $2,700.00 $1,807.50 $960.00
Health deductions: contributions from all employees are calculated at $2.50 per hour
Pension annuity deduction: contributions for Journeyman are calculated at $1.00 per hour worked and Apprentices are computed at $0.50 per hour worked. Welder Cleanup employees do not have a pension.
General deduction is 3% of gross earnings.
Each deduction amount should be entered into an individual labeled cell on the spreadsheet.
© PENN FOSTER, INC. 2016 COMPUTER APPLICATIONS PAGE
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