Shelly Cashman Excel 365/2021 | Module 1: SAM Project 1a
New Era Medical
COMPLETE A BUDGET SUMMARY WORKSHEET
GETTING STARTED
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Save the file SC_EX365_2021_1a_FirstLastName_1.xlsx as
SC_EX365_2021_1a_FirstLastName_2.xlsx
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Edit the file name by changing “1” to “2”.
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If you do not see the .xlsx file extension, do not type it. The file extension will be
added for you automatically.
With the file SC_EX365_2021_1a_FirstLastName_2.xlsx open, ensure that your
first and last name is displayed in cell B6 of the Documentation worksheet.
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If cell B6 does not display your name, delete the file and download a new copy.
PROJECT STEPS
1.
Josh Bartel is the senior director of the Pennsylvania field office for New Era Medical, a
global company that manufactures medical equipment. He has created a worksheet
summarizing the revenue and expenses for the first three quarters of the year. He asks
for your help in determining what the Pennsylvania office needs to do to meet its
targeted profit goals in the fourth quarter.
Go to the Budget Summary worksheet. Cut the worksheet title from cell I1 and paste it
in cell A1 to display the title in its expected location.
2.
In cell E2, add the text Number of so that the complete text appears as "Number of
salespeople:" and more clearly identifies the value in cell G2.
3.
Enter Quarter 2 in cell C4 and Quarter 3 in cell D4.
4.
In cell G5, enter a formula without a function that subtracts the target revenue (cell F5)
from the year to date revenue (cell E5) to determine how much revenue the field office
needs to earn in Quarter 4 to reach its target for the year.
5.
Josh wants to calculate the gross margin for Quarters 1–3 and the year to date. Provide
this information as follows:
6.
a.
In cell B7, enter a formula without a function that divides the gross profit for
Quarter 1 (cell B6) by the revenue in Quarter 1 (cell B5).
b.
Fill the range C7:E7 with the formula in cell B7 to find the gross margin for
Quarters 2 and 3 and for the year to date.
Josh needs to sum the sales for each Pennsylvania region for the year to date. Provide
this information as follows:
a.
In cell E10, enter a formula that uses the SUM function to total the regional sales
data for the Northeast region (the range B10:D10) to calculate the year-to-date
sales.
b.
Use the Fill Handle to fill the range E11:E13 with the formula in cell E10 to find the
year-to-date sales for the other three regions.
Shelly Cashman Excel 365/2021 | Module 1: SAM Project 1a
7.
In cell F10, enter the value 925000 to provide the targeted annual sales amount for the
Northeast region.
8.
Josh wants to determine how much revenue each region needs to generate in Quarter 4
to reach its target for the year. Enter this information as follows:
9.
10.
11.
12.
a.
In cell G10, enter a formula without a function that subtracts the target sales for
the Northeast region (cell F10) from its year to date regional sales (cell E10) to
find the amount of sales the Northeast region needs to generate to meet its target.
b.
Copy the formula in cell G10, and then paste it in the range G11:G14, pasting the
formulas only, to find the variances for the other regions and for the total.
Josh is interested in how much revenue each of the 12 salespeople generates on
average in each quarter and for the year to date. Find this information as follows:
a.
Edit cell B15 to include a formula without a function that divides the total regional
sales in Quarter 1 (cell B14) by the number of salespeople (cell G2). Don't change
the reference to cell G2 that is already there.
b.
Fill the range C15:E15 with the formula in cell B15 to determine the average
revenue per salesperson in Quarters 2 and 3 and for the year to date.
Josh also needs to calculate the operating margin, which is the ratio of operating profit
or loss to revenue and indicates how much the office makes after paying for expenses.
Calculate the operating margin as follows:
a.
In cell B20, enter a formula without a function that divides the operating profit or
loss in Quarter 1 (cell B19) by the revenue from Quarter 1 (cell B5).
b.
Use the Fill Handle to fill the range C20:E20 with the formula in cell B20 to find
the operating margin for Quarters 2 and 3 and for the year to date.
Josh wants to include a visualization of the total year to date sales separated by region.
Insert a chart to provide this visualization as follows:
a.
Create a 2-D Pie Chart based on the nonadjacent ranges A9:A13 and E9:E13.
b.
Enter Total Year to Date Sales by Region as the chart title.
c.
Resize and reposition the chart so its upper-left corner is in cell I4 and its bottomright corner is in cell L18.
d.
Apply Style 3 to the chart.
Hide the gridlines for the Budget Summary worksheet to make it easier to read.
Your workbook should look like the Final Figures on the following pages. Save your changes,
close the workbook, and then exit Excel. Follow the directions on the website to submit your
completed project.
Shelly Cashman Excel 365/2021 | Module 1: SAM Project 1a
Final Figure 1: Budget Summary Worksheet