Determine month with higher profits and lowest cost per unit

Assignment Help Operation Management

Reference no: EM132083824

Using the following data go through chapter 2 and develop the requested tasks using a spreadsheet modeling:

Race Performance Company

Month Qty Costs(000) Sales(000)

Jan 15000 1250 2340

Feb 16400 1620 1952

Mar 13625 1467 1675

Apr 13020 1585 2102

May 17025 1652 2054

Jun 11250 1340 1875

Jul 12345 1236 1457

Aug 18024 1784 1640

Sep 14695 1565 1987

Oct 16874 1675 2014

Nov 19785 1895 2650

Dec 20102 1874 2540

With the above information, you should be able to develop the following functions:

1. Format Costs and Sales columns in $ with two decimal points.

2. Format Qty with regular numbers with no decimal points.

3. Centralize all the Titles

4. Divide the Costs by the Qty to develop a column of Cost per Unit, Use $ and two decimal points.

5. Develop a fifth column for "Profit" by subtracting sales minus costs. Use $ and two decimal points.

6. Leaving two cells down and use the function Sum to obtain the total per column.

7. Two cells below column Month, use the function Count to know the number of months.

8. By using the Max and Min, determine the months with higher profits and the lowest cost per unit.

9. By using the Average function determine the mean for the all the numerical columns.

10. Using Chart wizard develop the following charts;

a. Column chart for the month and cost, a bar chart for Month vs. Sales, a line chart for the month vs cost/unit vs total profit. Use a scatter chart between the cost/unit and profits.

11. Develop another column for Profit/unit

12. Below the Average, develop the median and standard deviation (STDEV)functions for each numerical columns.

13. Divide the STDEV by the Average to determine with of the columns of has the best control. (Use an Statistical Book and look for Variation Coefficient)

14. Develop another column where by using an IF function determine which of the months are under the average in cost/unit. For those under the average post "RED" and for those over the average post "GREEN".

Remember: You can do it using any excel version or in a manual form.

Reference no: EM132083824

Questions Cloud

Disadvantages of analogy comparisons for risk identification : What are the advantages and disadvantages of analogy comparisons for risk identification?

Describe the theorists that best fits each of three women : Identify and describe the School of Thought that best fits each of the three women. Identify and describe the theorists that best fits each of the three women.

Equity versus others in its market space : What has earned this particular brand its equity versus others in its market "space?"

Study design type is primary or secondary research : Need help determing if the study design type is Primary or Secondary Research?

Determine month with higher profits and lowest cost per unit : Develop the requested tasks using a spreadsheet modeling. By using the Max and Min, determine the months with higher profits and the lowest cost per unit.

Focused on building their nation through industrialization : Americans became more resilient and focused on building their nation through industrialization.

External failure costs associated with supplier and customer : Provide at least 4 examples of internal and external failure costs associated with supplier (HP) and customer (Mr.Buyer).

Discuss and analyze the glass ceiling : Discuss and analyze the glass ceiling. What type(s) of employees are most impacted by the glass ceiling?

The importance of goal setting : "The Importance of Goal Setting"

User Account

All Pages