4. (TCOs 1, 3, 5) You\'ve just joined the staff of the XYZ Manufacturing Company

Question

4. (TCOs 1, 3, 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 $5 per unit. The magna-gizmo is priced at $8 per unit. The unit cost for a reject mini-gizmo is $2. The cost for a reject magna-gizmo is $3. Respond fully to the following questions regarding this task: A - (TCO 1) You have decided to develop a worksheet for each manufacturing facility manager to submit each week. It should show total production and revenue, and total scrap and cost for each product for the week. If a facility drops below 5,000 units of production on the mini-gizmo, the production number should be highlighted in yellow. Explain how you will set this up so that the managers enter only the number of units for each product's production and rejects. B - (TCO 5) 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 magna-gizmos produced for the entire company for the week. C - (TCO 5) 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 custom footer with the date and the company name to each page. What is the easiest way to do this? Explain the process. D - (TCO 3) Describe the graph that you would create to accompany the report in Part C. Include formatting considerations to make important facts stand out.

Explanation / Answer

A - (TCO 1) You have decided to develop a worksheet for each manufacturing facility manager to submit each week. It should show total production and revenue, and total scrap and cost for each product for the week. Production of more than 25,000 magna-gizmos in a week, qualifies the facility manager for a bonus. Explain how you will set this up so that the managers enter only the number of units for each product's production and rejects. There should be an indicator of some kind if the bonus is earned. I would create another excel file that would contain a summary report for each week and each facility. I will develop macros so as to pull up the total production and rejects by facility. Formulas will be created to determine the percentage values and also I will apply the conditional formatting.This will be the presentation file for the management. B - (TCO 5) 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 cost of mini-gizmo rejects for the entire company for the week. I will follow the steps stated in A, the formula would be contained in a specific cell that corresponds to a specific facility. The formula will utilize the LOOK UP function since it is just looking up a value from another cell in the spreadsheet. An Example,

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