Information Systems homework help.
Exp19_Excel_Ch06_ML2_Deck_Builders
Project Description:
You are the business manager for Indy Deck Builders, a local construction company that specializes in new deck installation. Your company offers three deck models. Model A which costs $2,000, model B costs $3,500, and model C costs $5,000. You currently have 45 contracts to build model A, 55 for model B, and 75 for model C. Once the contracts have been completed, you will have a surplus of materials (wood, hard-ware, and paint) remaining in inventory. After expenses your company’s net profit is $492,031.25. You would like to use Solver to forecast how many additional contracts you can accept to maximize profit while not exceeding the raw materials in inventory.
Steps to Perform:
| Step | Instructions | Points Possible |
| 1 | Start Excel. Download and open the file named EXP19_Excel_Ch06_ML2_HW_DeckBuilders.xlsx. Grader has automatically added your last name to the beginning of the filename. | 0 |
| 2 | Create range names based on the values in the range B15:C16. | 6 |
| 3 | Use the SUMPRODUCT function to calculate total building expenses in cell C15. The total building expenses are calculated by multiplying the manufacturing cost per model and the number of total contracts. | 8 |
| 4 | Use the SUMPRODUCT function to calculate the Total Profit in cell C16. The total profit is calculated by multiplying the total number of models built per model type by the corresponding profit margin. | 8 |
| 5 | Enter a formula in cell C17 to calculate net profit. Net profit is the total profit – total building expenses. Be sure to use range names. | 8 |
| 6 | If not loaded, load the Solver add-in. Set the objective cell to Max Net Profit (cell C17). | 10 |
| 7 | Assign Total Contracts (range C8:E8) as the Changing Variables Cells. | 14 |
| 8 | Set a constraint to ensure contracts are whole numbers. | 4 |
| 9 | Set a constraint to ensure the raw material used do not exceed inventory. | 4 |
| 10 | Set a constraint to ensure that the Total Contracts are greater or equal to the existing contracts. | 4 |
| 11 | Create an Answer Report to outline your findings. | 18 |
| 12 | Create a footer with your name on the left side, the sheet name code in the center, and the file name code on the right side of both worksheets. | 16 |
| 13 | Save and close Exp19_Excel_Ch06_ML2_HW_DeckBuilders.xlsx. Exit Excel. Submit the file as directed. | 0 |
| Total Points | 100 |
