This document provides instructions for a team assignment involving equations and percentages. Students are asked to complete two Excel cases that apply concepts from chapters 5 and 6 of their text. The cases involve calculating percentages and equations to determine painting costs. For the first case, students calculate total square footage needing paint and gallons of paint required. For the second case, students calculate labor costs, profit margin, and final bid price for a painting job based on square footage, labor rates, and a desired profit margin.
1. UOP QRB 501 Week 2 Team Assignment Equations and
Percentage Cases NEW
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www.qrb501
assignment.comPurpose of Assignment
The purpose of this assignment is to provide students an
opportunity to apply the concepts of equations and
percentages covered in Ch. 5 and 6 to integrated case
studies.
Assignment Steps
Resources: Equations and Percentage Cases Excel® Template,
Excel® 2016 Essential Training
Save the Equations and Percentage Cases Excel® Template
to your computer.
2. Read the instructions on the first tab.
Complete the two Excel® cases located in the template.
Click the Assignment Files tab to submit your assignment.
Refer to the Chapter 5 Case Study 5-1 on Page 187 of your text.
Answer the following questions.
Question 1
Find the total square footage that requires painting for the
bedroom and the living/dining room, and then find the total
square footage for the entire painting job assuming two
coats of paint.
Question 2
One gallon of paint will cover 350 square feet and costs $35, and
each surface will require two coats. Using your answer to
question 1, determine the total number of gallons required and
total cost for paint, by rounding up to the nearest gallon.
Question 3
Using a painting rate of 150 square feet per hour (including prep
time), a labor rate of $20 per hour, and a desired profit margin of
30% (or 0.3), calculate the total labor cost, profit margin, and
final bid price for this painting job—including the total paint cost
from question 2.
Refer to the Chapter 6 Case Study 6-3 on Page 224 of your text.
Answer the following questions.
