Costs of Operating the Business - Price Consistency - Business Assessment Answer

Business Assessment Task

Task 1 - Costs of operating the business Using Excel, create a spreadsheet called operating_costs.xlsx that calculates the projected annual outgoing costs of running Tuxedo Basement. Your spreadsheet should be configured such that the working hours, hourly rates, and fixed and utility costs can be varied easily. Document your findings in your ePortfolio page.

Task 2 - Order information Using Excel, process the history of orders spreadsheet and use appropriate charts to visualize: How some aspect of quoting or manufacturing has changed over time; and How the quote amount differed for each staff member. You will need to find a way to use Excel to associate each quote with a staff member.

Describe your approach and your findings in your ePortfolio, and attach the Excel file to your page.

Task 3 - Price consistency Using Excel, analyse the historical data you have available, and create a spreadsheet that allows a member of the Tuxedo Basement team to enter the tuxedo material and size, and gives a quote amount. Ensure that you include enough text and formatting to make your spreadsheet usable by a member of the Tuxedo Basement team. You may base your quote amount either on historical averages, or to ensure that Tuxedo Basement makes a profit. Validate your quoting approach by applying your formula to historical data. Justify your approach in your ePortfolio, and attach your Excel file to your ePortfolio.

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