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Home Up Excel 2007 Formulas

 

Information to type into sheets 1 and 2 or open the file below and save to your flash drive.  Instructions are also on this page in case you cannot open the instruction file.

Click on Excel Start File to access file. 

Open an Excel 2007 work book and type the following:
Sheet 1 information to type in

A B C D E F G H
1 Your Last Name Hardware Outlet
2 Newspaper Ad Cost Comparison
3              
4 Size of Ad Column Inches Row Inches Total Inches Number Runs Per Month Inches Per Month Color Total Price
5 Business Card Size 2 2   12   No  
6 Eighth Page 3.833 5   12   No  
7 Third Page 5.833 8   4   Yes  
8 Half Page 9.833 7.5   8   No  
9 Full Page 9.833 15   1   Yes  
10              
11 Minimum              
12 Maximum              
13 Average              
14              
15 Normal Rate 4.4 per inch          
16 Discount Rate 4.1 per inch if over 200 inches per month      
17 Color 195 per ad          
18              
             

Sheet 2 information to type in

A B C D E F
1 Your Last Name Hardware Outlet
2 Comparison of Advertising Costs 2006-2007
3        
4 2006 2007 % Change  
5 Newspaper $13,600 $16,625    
6 Radio 8500 8255    
7 Television 9775 10990    
8 Internet 10625 14130    
9 Total        
10        

 

Screen shot of files to type: Sheet 1 and 2

Excel 2007 Practice Test Instructions

Problem:  During this Excel Practice Test you will work with a spreadsheet that breaks down the advertising expenses for Your Last Name Hardware Outlet.  They have an annual advertising budget which totaled just over $40,000 last year with a projection of $52,000 this year.  They advertise in a variety of ways including newspaper, radio, television, and internet.

In Part 1 of the practice test you will add data and perform calculations with functions and formulas.   In Part 2 you will follow several steps to format the two spreadsheets.   In Part 3 you will construct a pie chart that shows the breakdown of the advertising expenses for 2007. You need Excel 2007 to complete the following.  You can modify the instructions for the older versions of Excel and for QuattroPro.

 Part 1 – Calculating the Cost of a Newspaper Ad

An original draft of an Excel workbook has been created for you with some of the advertising data for Your Last Name Hardware Outlet.  Save this file to your disk.  Open the workbook.  Make the following additions and corrections:

 1.     Insert a row above the Third Page Row (A7) with the following information:

        Size of Ad:  Quarter Page

        Column Inches: 5.833

        Row Inches:  6

        Number of Runs Per Month:  12

        Color:  No 

2.     Insert a column with the title Cost for Total Inches to the left of the column titled Color (between columns F and G). 

3.     Format the column headings as follows:

·         Apply the Heading 3 cell style

·         Change to center alignment

·      Word wrap the multiword column titles so that they display on two lines.  To do this, manually widen these columns and use Alt + Enter to start the second line. 

4.     Assign the NOW function to Cell A3.  Format it to the 3/14/2001 style and left align the date. 

5.     Set up formulas to perform the calculations in Columns D, F, G and I.  Set up the formulas for the first ad size in Row 5 and then copy them down for each of the other ad sizes.  Remember to use an absolute cell reference when referring to the ad rates provided at the bottom of the spreadsheet in Cells B16, B17, and B18.   Below you will find additional instructions for each formula.  

a.   Total Inches (Cell D5):  multiply the column inches by the row inches 

b.   Inches Per Month (Cell F5):  multiply the Total Inches by the Number of Runs per Month

c.   Cost for Total Inches (Cell G5):  Enter an IF statement where if Inches Per Month exceeds 200 the rate of $4.10 is multiplied by the inches per month.  Otherwise, the rate of $4.40 is multiplied by the inches per month.  Use cell addresses in the IF statement so that if the rate changes in the future the formula will not need to be corrected.  

NOTE: On-Campus Students.  If you have trouble constructing IF statements, please view the four videos available on DriveM:\1700\2007\Excel Movies located in lab 311 in Elizabeth Hall on the main campus.
 

d.   Total Price (Cell I5):  Enter an IF statement where an additional $195 (Cell B18) is added to the price if the ad is in color.  Otherwise, the price remains the amount displayed in Cell G5.

      HINT:  If the logical test of the IF statement refers to a word in a cell, quotation marks “ “ must be placed around the word. 

6.     Use functions to calculate the following summary figures:

        Cell B12:   Lowest Total Price

        Cell B13:   Highest Total Price

        Cell B14:  Average Total Price 

7.     Set up Conditional Formatting on the total price column values where totals over $1,000 are displayed in Light Red fill with Red Bold text. (This is a preset condition—Under Highlight Cell Rules, select greater than, key in 1,000 and then select the preset color). 

8.     Switch to Sheet 2.  In Column D calculate the percent change for each type of advertising from 2006 to 2007.   Calculate the change for newspaper ads and then copy the formula down to the other types of advertising.  To calculate the percent change for newspaper ads find the difference between the two years and then divide that amount by the 2006 amount. 

9.     In Cell E5 of Sheet 2 set up an IF statement that displays the word “increase” if the percent change in newspaper costs is above zero.  Display the word “decrease” if the percent change in newspaper costs is below zero.  Copy the If statement through cell E8. 

10.   Use a function to calculate the total advertising costs for 2006 and 2007 in Cells B9 and C9. Notice the green triangle that displays in the top left corner Cells B9 and C9.  Click on each cell.  A Trace Error Option Button displays because the formula in that cell refers to a range that has additional numbers adjacent to it (the year).  Click the button arrow and select Ignore Error for each cell. 

11.   Save the workbook as an Excel 2007 file with the xlsx extension.  Name it [ Last Name First Name] Excel PracPro.xlsx. 

Part 2 – Format Worksheet 

1.     Make Sheet 1 active.  Change the theme of the workbook to the Origin theme. 

2.     Format the title and subtitle cells as follows: 

·         Apply the Title cell style to cells A1 and A2. 

·         Change the font size for A1 to 26 points. 

·         Merge and center the title and subtitle across Columns A through I. 

·         Change the background color of Cells A1 to I2 to Ice Blue, Background 2, Darker 50%. 

·         Change the color of the text to Indigo, Text 2, Lighter 80%.       

3.     Apply the following number formatting:

·      Figures in inches:  Number Style with three decimal places

·      Dollar figures:  Currency style with two decimal places, floating dollar sign       

4.     Apply the following other miscellaneous formatting

·         Center align the entries in Columns B, C, E, and H

·         Widen Column A to 20 characters.

·         Change the height of Row 4 to 40.

·         Autofit cells B4 through I14.

·         Change the name of  Sheet 1 to Newspaper and Sheet 2 to Chart
 

5.     Take the following formatting steps on the Chart Sheet:

·      Use the Format Painter to copy the formatting of the title and subtitle from the Newspaper Sheet to the Chart Sheet.  Merge and center titles across cells A1:H1 and A2:H2.

·      Change the number style in cells D5:D8 to percent with two decimals.

·      Shift the data over two columns.  Select cells A4:E9 and drag them over to cells C4:G9.

·      Check for any error messages after moving the data.

·      Apply Heading 3 to column headings

·      Apply Total style to C9:G9

·      Make sure all worksheet data is best fit.

Take any additional formatting steps to make your Chart sheet match the key.   

Part 3 – Constructing a Pie Chart of Advertising Costs 

1.     Make the sheet you named Chart active. 

2.     Create a 3D pie chart illustrating the breakdown of advertising costs for 2007.  Move the chart so that it covers the range of cells B12:G30. 

3.     Apply the Style 2 chart style.  Change the color of the Television slice to a solid fill, Brown,
Accent 5, Darker 25%. 

4.     Insert a center overlay title with the words Breakdown of 2007 Advertising Costs 

5.     Delete the legend and display category and percent data labels.  Position the labels outside end.   

6.     Explode the largest slice 15%. 

7.     Format the Chart Area setting up no fill and no border.  You will need to select Chart Area from the Shortcut Menu to make these changes.  Or right click and choose format chart area. 

NOTE:  Practice creating and formatting other types of charts to prepare for the production test.  For example, create and format a clustered bar chart.    

Final Steps 

1.      Insert your name, course number, and instructor’s name as a centered header to both the Newspaper and the Chart worksheets.  Change view back to normal view. 

2.      Practice printing.  Here are the printing steps you will take on the real production test:   

Save the final version of the workbook as an Excel 2007 file with the xlsx extension.  Then print the two worksheets in landscape format scaled to fit on one page.  Go into Page Setup under the Page Layout Tab to change orientation and scaling.  

Print a second version of the Salespersons’ Earnings worksheet displaying the formulas.  Keep the orientation at landscape but scale to fit on two pages wide.   To display the formulas press CTRL + Accent Mark (`).  The Accent Mark is above the Tab key on your keyboard.  Widen columns so that the entire formula displays.  (Be sure to adjust the columns back to best fit after printing.)

 

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