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Business
Operations Management
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Labor Materials 8,400.00 $10,000.00 8,400.00 8,400.00 8,400.00 4,200.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 4,200.00 $10,000.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 Overhead (30%) $5,520.00 $5,520.00 $5,520.00 $5,520.00 $4,260.00 $4,260.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 Profit (Goal 25%) $5,980.00 $5,980.00 $5,980.00 $5,980.00 $4,615.00 $4,615.00 $4,273.75 $4,273.75 $4,273.75 $4,273.75 $4,273.75 $4,273.75 Number of Units Produc 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 Sold Units 20,000.00 30,000.00 90,000.00 Unit Price $0.25 Total Revenue $5,000.00 $0.25 $7,500.00 $0.25 $22,500.00 50,000.00 $0.25 $12,500.00 30,000.00 $0.25 $7,500.00 90,000.00 $0.25 $22,500.00 100,000.00 90,000.00 $0.25 $22,500.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 $0.25 $25,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 Labor and Materials 18,400.00 18,400.00 18,400.00 18,400.00 14,200.00 14,200.00 13,150.00 13,150.00 13,150.00 13,150.00 13,150.00 13,150.00 Profit Goal $4,600.00 $4,600.00 $4,600.00 $4,600.00 $3,550.00 $3,550.00 $3,287.50 $3,287.50 $3,287.50 $3,287.50 $3,287.50 $3,287.50 Overhead $5,520.00 $5,520.00 $5,520.00 $5,520.00 $4,260.00 $4,260.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 Target Revenue 28,520.00 28,520.00 28,520.00 28,520.00 22,010.00 22,010.00 20,382.50 20,382.50 20,382.50 20,382.50 20,382.50 20,382.50 -23,520.00 -21,020.00 -6,020.00 -16,020.00 -14,510.00 $490.00 2,117.50 4,617.50 9,617.50 9,617.50 9,617.50 9,617.50 Annual Numbers Cost of Goods 23,920.00 23,920.00 23,920.00 23,920.00 18,460.00 Total Revenue $5,000.00 $7,500.00 $22,500.00 $12,500.00 $7,500.00 Profit -18,920.00 -16,420.00 -1,420.00 -11,420.00 -10,960.00 18,460.00 $22,500.00 4,040.00 17,095.00 $22,500.00 5,405.00 17,095.00 $25,000.00 7,905.00 17,095.00 $30,000.00 12,905.00 17,095.00 $30,000.00 17,095.00 $30,000.00 12,905.00 12,905.00 17,095.00 $30,000.00 12,905.00 235,170.00 $245,000.00 9,830.00 Percent Profit 4.18%

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Labor Materials 8,400.00 $10,000.00 8,400.00 8,400.00 8,400.00 4,200.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 4,200.00 $10,000.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 Overhead (30%) $5,520.00 $5,520.00 $5,520.00 $5,520.00 $4,260.00 $4,260.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 Profit (Goal 25%) $5,980.00 $5,980.00 $5,980.00 $5,980.00 $4,615.00 $4,615.00 $4,273.75 $4,273.75 $4,273.75 $4,273.75 $4,273.75 $4,273.75 Number of Units Produc 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 Sold Units 20,000.00 30,000.00 90,000.00 Unit Price $0.25 Total Revenue $5,000.00 $0.25 $7,500.00 $0.25 $22,500.00 50,000.00 $0.25 $12,500.00 30,000.00 $0.25 $7,500.00 90,000.00 $0.25 $22,500.00 100,000.00 90,000.00 $0.25 $22,500.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 $0.25 $25,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 Labor and Materials 18,400.00 18,400.00 18,400.00 18,400.00 14,200.00 14,200.00 13,150.00 13,150.00 13,150.00 13,150.00 13,150.00 13,150.00 Profit Goal $4,600.00 $4,600.00 $4,600.00 $4,600.00 $3,550.00 $3,550.00 $3,287.50 $3,287.50 $3,287.50 $3,287.50 $3,287.50 $3,287.50 Overhead $5,520.00 $5,520.00 $5,520.00 $5,520.00 $4,260.00 $4,260.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 Target Revenue 28,520.00 28,520.00 28,520.00 28,520.00 22,010.00 22,010.00 20,382.50 20,382.50 20,382.50 20,382.50 20,382.50 20,382.50 -23,520.00 -21,020.00 -6,020.00 -16,020.00 -14,510.00 $490.00 2,117.50 4,617.50 9,617.50 9,617.50 9,617.50 9,617.50 Annual Numbers Cost of Goods 23,920.00 23,920.00 23,920.00 23,920.00 18,460.00 Total Revenue $5,000.00 $7,500.00 $22,500.00 $12,500.00 $7,500.00 Profit -18,920.00 -16,420.00 -1,420.00 -11,420.00 -10,960.00 18,460.00 $22,500.00 4,040.00 17,095.00 $22,500.00 5,405.00 17,095.00 $25,000.00 7,905.00 17,095.00 $30,000.00 12,905.00 17,095.00 $30,000.00 17,095.00 $30,000.00 12,905.00 12,905.00 17,095.00 $30,000.00 12,905.00 235,170.00 $245,000.00 9,830.00 Percent Profit 4.18%

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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1)What is the importance of data analysis? How can it help you understand whether the new product had a successful launch? What are you reporting on and what are you analyzing? Why is it important to analyze this information? 

2)Describe the results of your analysis. What does the data tell you about the success of the product throughout the year? Was the company able to meet its profit goal? What data did you use to determine whether the product is meeting expectations? 

3)Create data visualization in excel to show: How have the costs of goods sold (COGS) changed over the course of the year? and on a second data visualization, show How has the profit percentage changed over the course of the year?) Explain what type of chart this is and the insights it provides about the success of the product launch.

4)Restate the purpose of your analysis and summarize your most important findings. 

 

Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Labor Materials 8,400.00 $10,000.00 8,400.00 8,400.00 8,400.00 4,200.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 4,200.00 $10,000.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 Overhead (30%) $5,520.00 $5,520.00 $5,520.00 $5,520.00 $4,260.00 $4,260.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 Profit (Goal 25%) $5,980.00 $5,980.00 $5,980.00 $5,980.00 $4,615.00 $4,615.00 $4,273.75 $4,273.75 $4,273.75 $4,273.75 $4,273.75 $4,273.75 Number of Units Produc 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 Sold Units 20,000.00 30,000.00 90,000.00 Unit Price $0.25 Total Revenue $5,000.00 $0.25 $7,500.00 $0.25 $22,500.00 50,000.00 $0.25 $12,500.00 30,000.00 $0.25 $7,500.00 90,000.00 $0.25 $22,500.00 100,000.00 90,000.00 $0.25 $22,500.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 $0.25 $25,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 Labor and Materials 18,400.00 18,400.00 18,400.00 18,400.00 14,200.00 14,200.00 13,150.00 13,150.00 13,150.00 13,150.00 13,150.00 13,150.00 Profit Goal $4,600.00 $4,600.00 $4,600.00 $4,600.00 $3,550.00 $3,550.00 $3,287.50 $3,287.50 $3,287.50 $3,287.50 $3,287.50 $3,287.50 Overhead $5,520.00 $5,520.00 $5,520.00 $5,520.00 $4,260.00 $4,260.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 Target Revenue 28,520.00 28,520.00 28,520.00 28,520.00 22,010.00 22,010.00 20,382.50 20,382.50 20,382.50 20,382.50 20,382.50 20,382.50 -23,520.00 -21,020.00 -6,020.00 -16,020.00 -14,510.00 $490.00 2,117.50 4,617.50 9,617.50 9,617.50 9,617.50 9,617.50 Annual Numbers Cost of Goods 23,920.00 23,920.00 23,920.00 23,920.00 18,460.00 Total Revenue $5,000.00 $7,500.00 $22,500.00 $12,500.00 $7,500.00 Profit -18,920.00 -16,420.00 -1,420.00 -11,420.00 -10,960.00 18,460.00 $22,500.00 4,040.00 17,095.00 $22,500.00 5,405.00 17,095.00 $25,000.00 7,905.00 17,095.00 $30,000.00 12,905.00 17,095.00 $30,000.00 17,095.00 $30,000.00 12,905.00 12,905.00 17,095.00 $30,000.00 12,905.00 235,170.00 $245,000.00 9,830.00 Percent Profit 4.18%
Transcribed Image Text:Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Labor Materials 8,400.00 $10,000.00 8,400.00 8,400.00 8,400.00 4,200.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 4,200.00 $10,000.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 3,150.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 $10,000.00 Overhead (30%) $5,520.00 $5,520.00 $5,520.00 $5,520.00 $4,260.00 $4,260.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 Profit (Goal 25%) $5,980.00 $5,980.00 $5,980.00 $5,980.00 $4,615.00 $4,615.00 $4,273.75 $4,273.75 $4,273.75 $4,273.75 $4,273.75 $4,273.75 Number of Units Produc 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 Sold Units 20,000.00 30,000.00 90,000.00 Unit Price $0.25 Total Revenue $5,000.00 $0.25 $7,500.00 $0.25 $22,500.00 50,000.00 $0.25 $12,500.00 30,000.00 $0.25 $7,500.00 90,000.00 $0.25 $22,500.00 100,000.00 90,000.00 $0.25 $22,500.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 $0.25 $25,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 120,000.00 $0.25 $30,000.00 Labor and Materials 18,400.00 18,400.00 18,400.00 18,400.00 14,200.00 14,200.00 13,150.00 13,150.00 13,150.00 13,150.00 13,150.00 13,150.00 Profit Goal $4,600.00 $4,600.00 $4,600.00 $4,600.00 $3,550.00 $3,550.00 $3,287.50 $3,287.50 $3,287.50 $3,287.50 $3,287.50 $3,287.50 Overhead $5,520.00 $5,520.00 $5,520.00 $5,520.00 $4,260.00 $4,260.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 $3,945.00 Target Revenue 28,520.00 28,520.00 28,520.00 28,520.00 22,010.00 22,010.00 20,382.50 20,382.50 20,382.50 20,382.50 20,382.50 20,382.50 -23,520.00 -21,020.00 -6,020.00 -16,020.00 -14,510.00 $490.00 2,117.50 4,617.50 9,617.50 9,617.50 9,617.50 9,617.50 Annual Numbers Cost of Goods 23,920.00 23,920.00 23,920.00 23,920.00 18,460.00 Total Revenue $5,000.00 $7,500.00 $22,500.00 $12,500.00 $7,500.00 Profit -18,920.00 -16,420.00 -1,420.00 -11,420.00 -10,960.00 18,460.00 $22,500.00 4,040.00 17,095.00 $22,500.00 5,405.00 17,095.00 $25,000.00 7,905.00 17,095.00 $30,000.00 12,905.00 17,095.00 $30,000.00 17,095.00 $30,000.00 12,905.00 12,905.00 17,095.00 $30,000.00 12,905.00 235,170.00 $245,000.00 9,830.00 Percent Profit 4.18%
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