Prepare a basic solution to a business problem; Select appropriate IT solutions for business… 1 answer below »

The following course learning outcomes are assessed by completing this assessment:

A1. Prepare a basic solution to a business problem;

A2. Select appropriate IT solutions for business functions;

A3. Apply business information software for data visualization and analysis purposes.

S1. Write basic programming logic;

S3. Interpret and construct representations of business data flow and processes;

K8. Outline the basic principles of programming.

Assessment Details

For this assignment, you will complete the following set of tasks using Excel, and create a report to describe

your work.

Ensure you submit Excel files created for ALL tasks, along with your report.

Scenario details

Formalwear Spike is a small clothing manufacturer, specializing in creating custom, one-of-a-kind

formalwear. They exclusively sell their product through their online store.

Formalwear Spike is run by a team of three staff members: Abbey, Brutus, and Caesar.

Abbey and Brutus work together to manufacture formalwear. Caesar manages orders, sales and delivery.

Team hours

Most of the time, team members work the following shifts:

Abbey works 6.5 hours on Mondays, Tuesdays;

Brutus works 6.5 hours on Wednesdays, Thursdays and Fridays; and

Caesar works 2.5 hours every weekday.

CRICOS Provider No. 00103D Page 2 of 6

Additionally, Abbey and Caesar share responsibility for managing the Formalwear Spike social media

presence, with Abbey working one extra hour in the evenings on Monday, Tuesday and Wednesday, and

Caesar doing the same on Thursday, Friday and Saturday.

Costs

Abbey and Brutus, as skilled manufacturing staff, cost $24 per hour to employ.

Caesar, a part-time employee, costs $32 per hour to employ.

All staff are also entitled to four weeks of paid annual leave, during which a casual replacement is required

at a cost of $36 per hour.

Fixed costs such as rent and insurance are $18000 per year, and utilities costs are $460 per month.

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 Formalwear Spike.

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 report (approximately 100 words).

Attachments:

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