Devry BIS155 Final Exam ANSWERS

IS 155 Final
Exam ANSWERS
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:
Note: This is a one part question.
• 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 TaxesExplain 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.Note: This is a four part question.
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.Note: This is a one part question.
(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:Note: This is a two part question.
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.