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New Perspectives Excel 2016 | Module 10: SAM Project 1a Hurdy Headphones
WHAT-IF ANALYSES AND SCENARIOS GETTING STARTED Open the file NP_EX16_10a_FirstLastName_1.xlsx, available for download
from the SAM website. Save the file as NP_EX16_10a_FirstLastName_2.xlsx by changing the “1” to
a “2”.
o With the file NP_EX16_10a_FirstLastName_2.xlsx still open, ensure that your
first and last name is displayed in cell B6 of the Documentation sheet.
o If you do not see the .xlsx file extension in the Save As dialog box, do not
type it. The program will add the file extension for you automatically. If cell B6 does not display your name, delete the file and download a new
copy from the SAM website. This project requires you to use the Solver add-in. If this add-in is not available
on the Data tab in the Analyze group (or if the Analyze group is not available),
install Solver as follows:
o In Excel, click the File tab, and then click the Options button in the left
navigation bar. o Click the Add-Ins option in the left pane of the Excel Options dialog box. o Click the Manage arrow, click the Excel Add-Ins option, and then click the
Go button. o In the Add-Ins dialog box, click the Solver Add-In check box and then click
the OK button. o Follow any remaining prompts to install Solver. PROJECT STEPS
1. Kylie and Derek Hurdy own Hurdy Headphones, a company that manufactures
wireless and noise-cancelling headphones and personalized earphones in
Pittsburgh, Pennsylvania. As an intern at the company, you are developing a
workbook that includes the financial details of each product line. Kylie and
Derek have asked you to use the data to analyze scenarios that involve cutting
expenses and raising prices. They want you to find the most profitable mix of
products using the most cost-effective means of production.
Switch to the Wireless worksheet. Perform a break-even analysis for wireless
headphones as follows:
a. In cell B27, use Goal Seek to set cell B27 to a value of 0. New Perspectives Excel 2016 | Module 10: SAM Project 1a
b. 2. 3. Change the number of units sold in cell B26 to break even, or reach a
Gross Profit of $0. (Hint: The number format applied to cell B27 will display
the value of $0 as $ -.) Create a one-variable data table to calculate sales, expenses, and profits based
on the number of wireless headphones sold as follows:
a. In cell D5, enter a formula that references cell B4, which is the expected
units sold for this product. b. In cell E5, enter a formula that references cell B19, which is the expected
total sales for this product. c. In cell F5, enter a formula that references cell B20, which is the expected
total expenses for this product. d. In cell G5, enter a formula that references cell B21, which is the expected
gross profit for this product. e. Select the range D5:G10 and then complete the one-variable data table,
using cell B4 as the Column input cell for your data table. Create a two-variable data table to calculate the gross profit based on the
number of wireless headphones sold and the price per unit:
a. For the range D14:K19, create a two-variable data table using the price
per unit (cell B5) as the Row input cell. b. Use the units sold (cell B4) as the Column input cell. 4. Apply a custom format to cell D14 to display the text Units Sold/Price in place
of the cell value. 5. Switch to the Noise-Cancelling worksheet. Create a Scatter with Straight
Lines chart based on range D4:F14 in the data table Noise-Cancelling – BreakEven Analysis. 6. Modify the new chart as follows: 7. 8. a. Resize and reposition the chart so that it covers the range D15:H32. b. Remove the chart title from the chart. c. Add Sales and Expenses as the vertical axis title and Units Sold as the
horizontal axis title. Change the Bounds Axis Options as follows:
a. Change the Minimum Bounds of the vertical axis to 1750000 and the
Maximum Bounds to 2650000. b. Change the number format of the vertical axis to Currency with 0
decimal places and $ as the symbol. c. Change the Minimum Bounds of the horizontal axis to 8500. (Hint: The
Maximum Bounds should automatically change to 12,500.) Create two scenarios to compare the costs for standard components and green
components in the noise-cancelling headphones as follows:
a. In the Scenario Manager, add two scenarios using the data shown in bold
in Table 1 below. New Perspectives Excel 2016 | Module 10: SAM Project 1a
b. The changing cells for both scenarios are the nonadjacent cells B11 and
B14. c. Close the Scenario Manager without showing any of the scenarios. Table 1: Noise-Cancelling Headphones Scenario Values Values Scenario 1 Scenario 2 Scenario Name Standard Environmental Noise_Cancelling_Variable_Cost (B11) 179.00 182.50 Noise_Cancelling_Fixed_Cost (B14) 300000 350000 9. Switch to the Earphones worksheet. Create a Scatter with Straight Lines
chart based on range D6:I14 in the data table Personalized Earphones – Net
Income Analysis. 10. Modify the new chart as follows: 11. 12. a. Resize and reposition the chart so that it covers the range D15:I32. b. Remove the chart title from the chart. c. Reposition the chart legend to the Right of the chart. d. Add Net Income as the vertical axis title and Units Sold as the
horizontal axis title. e. Change the colors of the chart to Color 5 (1st row in the Monochromatic
palette). (Hint: Depending on your version of Office, the name of the color
may be different.) Change the Bounds Axis Options for the new chart as follows:
a. Change the Minimum Bounds of the vertical axis to -100000 and the
Maximum Bounds to 620000. b. Change the number format of the vertical axis to Currency with 0
decimal places and $ as the symbol. c. Change the Minimum Bounds of the horizontal axis to 10500 and the
Maximum Bounds to 14500. Edit the chart series names as follows:
a. For Series 1, set the series name to cell E5. (Hint: The series name should
automatically update to “=’Earphones’!$E$5”.) b. For Series 2, set the series name to cell F5. c. For Series 3, set the series name to cell G5. d. For Series 4, set the series name to cell H5. e. For Series 5, set the series name to cell I5. New Perspectives Excel 2016 | Module 10: SAM Project 1a
13. Hurdy Headphones wants to determine whether subcontracting the
manufacture of their personalized earphones to other electronics companies
would reduce the costs of the earphones. Switch to the Earphone Suppliers
worksheet, and then run Solver to solve this problem as follows:
a. Set the objective as minimizing the value in cell E10 (Total Costs). b. Use the range B4:D4 as the changing variable cells. c. Adjust the number of units produced by each company using the following
constraints:
o E4=12500, the total number of earphones produces
o E10 <=1200000, the maximum total cost
o B4:D4 <=5000, the maximum number of earphones produced by a
single supplier
o B4:D4 should be an Integer d. Run Solver, keep the solution, and then return to the Solver Parameters
dialog box. Save the model to the range A14:A21, and then close the
Solver Parameters dialog box. 14. Switch to the All Products worksheet. Use the Scenario Manager to create a
Scenario Summary report that summarizes the effect of the Status Quo,
Subcontract, and Raise Prices 5% scenarios. Use cells B17:D17 as the result
cells. 15. Switch back to the All Products worksheet. Use the Scenario Manager as follows
to compare the profit per unit in each scenario: 16. a. Create a Scenario PivotTable report for result cells B17:D17. b. Remove the Filter field from the PivotTable. c. Change the number format of the Profit_per_Unit_Sold_Wireless,
Profit_per_Unit_Sold_Noise_Cancelling, and
Profit_per_Unit_Sold_Earphones fields (located in the Values box of the
PivotTable Field List) to Currency with 2 decimal places and $ as the
symbol. d. Use Wireless as the row label value in cell B3, Noise-Cancelling as the
value in cell C3, and Earphones as the value in cell D3. e. In cell A1, use Profit per Unit Sold as the report title. f. Format the report title using the Title cell style. g. Resize column A using AutoFit. Resize columns B-D to 15.00. Add a PivotChart to the Scenario PivotTable worksheet as follows:
a. Create a Clustered Column PivotChart based on the PivotTable. [Mac
Hint: PivotCharts are not available on Excel 2016 for the Mac, so insert a
Clustered Column chart and adjust the data, and the legend and axis
formatting to match Final Figure 6.] b. Resize and reposition the chart so that it covers the range A8:D20. c. Hide the field buttons in the chart. [Mac Hint: PivotCharts are not available
on Excel 2016 for the Mac, so Mac users can ignore this instruction.] New Perspectives Excel 2016 | Module 10: SAM Project 1a
Your workbook should look like the Final Figures below. Save your changes, close the
workbook, and then exit Excel. Follow the directions on the SAM website to submit
your completed project. Final Figure 1: Wireless Worksheet New Perspectives Excel 2016 | Module 10: SAM Project 1a
Final Figure 2: Noise-Cancelling Worksheet New Perspectives Excel 2016 | Module 10: SAM Project 1a
Final Figure 3: Earphones Worksheet Final Figure 4: Earphone Suppliers Worksheet New Perspectives Excel 2016 | Module 10: SAM Project 1a
Final Figure 5: Scenario Summary Worksheet Final Figure 6: Scenario PivotTable Worksheet New Perspectives Excel 2016 | Module 10: SAM Project 1a
Final Figure 7: All Products Worksheet
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