Technology Management
Consider the following scenario: As
supervisor for a retail company, you supervise six people in your
location. You are responsible for their payroll and commissions each
week. This task would normally take a couple of hours on paper, but you
now have the expertise needed to automate the process by using formulas
and functions in an Excel spreadsheet. Use the data provided to create a worksheet described below:
You
must create a workbook with separate sheets for each week that would
allow sales managers to compare sales figures and commissions from one
week to the next. Each worksheet should calculate the payroll amount for
each of your six employees. If sales are below $1,000, then the
commission paid is 5% of the sales. If sales are between $1,000 and
$3,999.99, the commission paid is 10% of the sales. If sales are $4,000
or higher, the sales person receives a 12.5% commission rate. Sales
people will be paid either their commission or hourly pay earned
amount—whichever is higher. Hourly employees receive 150% of their
hourly rate for any hours worked over 40 hours per week (time and a half
for overtime worked).
Each worksheet should contain the following headings:
- Employee
- Sales
- Hours Worked
- Hourly Pay
- Commission Earned
- Hourly Pay Earned
- Payroll Amount
To
complete this workbook, you must write specific formulas and functions.
The Commission Earned, Hourly Pay Earned (for the two hourly
employees), and Payroll Amount columns require you to use IF functions.
Remember, the payroll amount for salespeople will be either the
commission earned or hourly pay earned—whichever is greater. Do not
calculate commission earned for hourly employees or overtime for sales
employees (this is anyone who has a sales figure in the Sales column).
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