BIS 155 Final Exam Answers

BIS 155 Final Exam Answers
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BIS 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 Taxes
Explain 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.
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.
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
(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 magnagizmo
is $3.50. Respond fully to the following questions regarding this task:
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.
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.