ILLUSTRATED EXCEL 2010

UNIT B: INDEPENDENT CHALLENGE 1

EXPRESS OIL CHANGE

SKILLS
Save a workbook with a new name
Enter numbers in cells
Enter formulas
Fill adjacent cells with formulas
Copy cell contents
Move cell contents
Create formulas using the SUM function
Enter text in cells
Use absolute cell references

PROJECT OVERVIEW
You are thinking of starting a small express oil change service center. Before you begin, you need
to evaluate what you think your monthly expenses will be. Youve started a workbook, but need to
complete the entries and add formulas.

STUDENT START FILE

IL_Excel2010_UB_IC1a_FirstLastName_1.xlsx (Note: Download your personalized start file
from www.cengage.com/sam2010)

Instructions
1. Open the file IL_Excel2010_UB_IC1a_FirstLastName_1.xlsx and save the file as
IL_Excel2010_UB_IC1a_FirstLastName_2.xlsx before you move to the next step. Verify
that your name appears in cell B4 of the Documentation sheet. (Note: Do not edit the
Documentation sheet. If your name does not appear in cell B4, please download a new copy
of the start file from the SAM Web site.)
2. Switch to the Sheet1 worksheet. In the range B4:B10, enter the data shown in column 2 of
Table 1.

TABLE 1
Monthly

Rent

2000

Supplies

1500

Oil

3500

Fan Belts

1200

Oil Filters

800

Coffee

500

Utilities

650

3. Create a formula in cell C4 that calculates the annual rent. Copy the formula in cell C4 to the
range C5:C10 to calculate annual amounts for the remaining categories.
4. Move the label in cell A15 to cell A14.
5. Create formulas in cells B11 and C11 that total the monthly and annual expenses.
6. Create a formula in cell C13 that calculates annual sales.
7. Create a formula in cell B14 that determines the monthly profit or loss, calculated as monthly
sales minus the monthly total expenses. Copy the formula in cell B14 into cell C14.
8. Copy the labels in cells B3:C3 to cells E3:F3.
9. Type Projected Increase in cell G1, then type .15 in cell H2.
10. Create a formula in cell E4 that calculates the increased monthly rent assuming the value in
B4 were increased by the percentage in cell H2. You will be copying this formula to other
cells, so youll need to use an absolute reference. Then copy the formula in cell E4 to cells
E5:E10 to calculate the remaining increased monthly expenses.
11. Create a formula in cell F4 that calculates the increased annual rent based on the calculation
in cell E4. Copy the formula in cell F4 to cells F5:F10 to calculate the remaining increased
annual expenses.
12. Create a formula in cell E11 that calculates the total increased monthly expenses. Copy the
formula to cell F11 to calculate the increased annual expenses.
13. Copy the contents of cells B13:C13 into cells E13:F13. Create formulas in cells E14 and F14
that calculate profit/loss based on the projected increase in monthly and annual expenses as
shown in cells E11:F11.
Your worksheet should look like the Final Figure below. Save your changes, close the workbook
and exit Excel. Follow the directions on the SAM Web site to submit your completed project.

SAM PROJECTS 2007 CENGAGE LEARNING

FINAL FIGURE

SAM PROJECTS 2007 CENGAGE LEARNING