Product / PerioSum of Amount

Period $ 1,216,000
Product $ 5,974,000
Total Result $ 7,190,000
Pivot Tables:
Pivot tables allow us to summarize data sets quickly and easily agnostic of size. The table allows us to summarize on a
specific attributes and using specific measures such as sum, average, maximum and so on.
When utilizing Pivot Tables you should proceed as follows:
Go to the “Insert” tab
Click on “PivotTable” and the “Create PivotTable” Wizard will pop up:
Under “Choose the data that you want to analyze” make sure the radio button for “Select a table or range” is selected
Ensure the Table/Range is set as the entire range of cells you want to summarize
Under “Choose where you want the PivotTable report to be placed” choose the radio button for “New Worksheet”
Leave the box unchecked next to “Add this data to the Data Model”
Click OK
Within the “PivotTable Fields” on the right of the screen, do the following actions:
Click on and drag any attribute (typically non-numerical) you want to summarize by such as an account name or a location
to the “Rows” quadrant
Click on and drag the numerical value such as sales or quantity to the “Values” quadrant
Note that this will default to “Sum” of whatever value you chose. If you want to have a measure other than sum, you
should click on the drop down of that value in the “Values” quadrant and click “Value field settings” to modify the
summarization type.
Your table will now show you a summarization of the numerical value in correspondence with the non-numerical attribute
you chose such as sales by state,
If you want to add additional dimensions such as the Year you can drag those values to the “Columns” quadrant and now
you will have a cross sectional summarization such as sales by year by state.
us to summarize on a

or range” is selected

“New Worksheet”

count name or a location

other than sum, you

gs” to modify the

e non-numerical attribute

mns” quadrant and now

Charts:
Charts are a way to easily visualize your data sets in order to present findings or to gain further insights.
There are a wide variety of chart types that you can utilize in Microsoft Excel. The most common types used are bar/column
charts to show comparisons of values and line charts to show trends. Below is an example of how to set up a chart:
The first step is to select the data you would like to chart out. In general, you want to format your data in a way that you
have column headers like days and then row headers such as your cost or company. See the below as an example:

Day 1 Day 2 Day 3

Cost A 55 65 50
Highlight the data you what
Costto
B create88a chart of:
80 85
Cost C 60 70 65

Go to the “Insert” tab and you will see a section titled “Charts”
Click on “Recommended Charts”, which will generate an “Insert Chart” window
Within this window you have two tabs: “Recommended Charts” and “All Charts”
The “Recommended Charts” tab will give you several charts that are recommended for the specific data set you have chosen
The “All Charts” tab will let you dictate the type of chart you want. You will see that on this tab, the left-hand side shows all
the different chart types and as you click on them you will see the right-hand pane generate the different subtypes of charts
available for that group.
On the “All Charts” tab, choose the “Line” option from the left-hand pane
On the right-hand side look through the various options. If we want to show a trend line with the data points marked, we
would choose the option titled “Line with Markers”. Chose this option and click “OK”
The below chart will generate

You will see here that this is a default chart. You can make many changes such as the following:
Double click in the “Chart Title” and add your own chart name
You can right click on either the X (here Day 1, Day 2,….) or Y (here 0-100) axes and click “Format Axis” pane will generate
giving you a plethora of options to modify the axes
Another set of easy tools is to click on the chart and within the “Chart Design” ribbon click on “Add Chart Element” within
the “Chart Layouts” section
You will see here that this is a default chart. You can make many changes such as the following:
Double click in the “Chart Title” and add your own chart name
You can right click on either the X (here Day 1, Day 2,….) or Y (here 0-100) axes and click “Format Axis” pane will generate
giving you a plethora of options to modify the axes
Another set of easy tools is to click on the chart and within the “Chart Design” ribbon click on “Add Chart Element” within
the “Chart Layouts” section
Within this section you can add titles to the axes, add other labels, create legends, etc.
sights.
types used are bar/column
w to set up a chart:
r data in a way that you
w as an example:

fic data set you have chosen

he left-hand side shows all
different subtypes of charts

e data points marked, we

Axis” pane will generate

dd Chart Element” within

Axis” pane will generate

dd Chart Element” within

SumIF Function:
SumIF is a function (formula) within Microsoft Excel that will add together cells within a range of defined cells that meet a
specified criteria. This can be used if you want to add up all sales for a specific state.
Below is a description of the Excel formula and an example of how to use it:
The SUMIF function has the following arguments:
=SUMIF(range, criteria, sum_range) where:
The “range” is the selection of data (cells) that contains the criteria that you are interested in meeting. These values should
correspond (be in the same row) as the data you are interested in summing

The “criteria” is the specific logic or value that you want to be met in the “range” in order to consider summing the correspon
value
If this is a number you can just enter the number
If this is text you must put it in quotations “”
You can also reference another cell such as B5 here to be the result to be shown if true

The “sum_range” is the range data (cells) that correspond with the “range” that you want to total (sum) if they meet the crite
set forth in “criteria”

The following is an example of a situation and the SumIF function. Using the below table, you want to sum the “Values” only
where “VA” is the “State”:

In Cell B6 you would enter in the following formula:

=SUMIF(A2:A5,"VA",B2:B5)
The “range” is the list of states (A2:A5)
The “criteria” is “VA” indicating that we only want to sum the items in the “sum_range” if they equal “VA”
The “sum_range” is the values (B2:B5) corresponding to each state in each row of the “range”
defined cells that meet a

eting. These values should

ider summing the corresponding

l (sum) if they meet the criteria

nt to sum the “Values” only

ual “VA”
 Cost Classification
Product /
Account Amount Period
Equipment depreciation: Molding $ 400,000 Product
Equipment depreciation: Fabrication $ 300,000 Product
Equipment depreciation: Assembly $ 50,000 Product
Equipment depreciation: Materials Handling $ 15,000 Product
Equipment depreciation: Other $ 10,000 Product
Production suprvision: Molding $ 60,000 Product
Production supervision: Fabrication $ 65,000 Product
Production supervision: Assembly $ 58,000 Product
Indirect labor: Maintenance & Repairs $ 72,000 Product
Indirect labor: Materials Handling $ 68,000 Product
Indirect labor: Engineering $ 170,000 Product
Indirect labor: Raw Materials Purchasing $ 93,000 Product
Indirect labor: Quality Control $ 38,000 Product
Indirect labor: Packaging & Shipping $ 99,000 Product
Indirect materials: Molding $ 18,000 Product
Indirect materials: Fabrication $ 13,000 Product
Indirect materials: Assembly $ 8,000 Product
Utilities: Molding $ 24,000 Product
Utilities: Fabrication $ 20,000 Product
Utilities: Assembly $ 6,000 Product
Utiltiies: Plant lighting and other equipment $ 12,000 Product
Utilities: Heating and cooling $ 24,000 Product
Property insurance $ 26,000 Product
Liability insurance $ 18,000 Product
Medical insurance $ 45,000 Product
Workers' compensation insurance $ 13,000 Product
Other salaries: Plant manager $ 165,000 Product
Other salaries: Accounting $ 89,000 Product
Other salaries: Administrative support $ 56,000 Product
Other salaries: Janitorial $ 48,000 Product
Other salaries: Security and grounds maintenance $ 44,000 Product
Property taxes $ 18,000 Product
Payroll taxes: Direct labor $ 79,000 Product
Payroll taxes: Other $ 165,000 Product
Direct materials $ 2,220,000 Product
Direct labor $ 1,365,000 Product
Accounting manager's salary $ 88,000 Period
Administrative office insurance $ 2,000 Period
Advertising $ 400,000 Period
Depreciation on office equipment $ 15,000 Period
Heat & electricity for the general office $ 4,000 Period
Janitorial services for administrative offices $ 26,000 Period
Salaries of accounts receivable/payable clerks $ 78,000 Period
Sales commissions $ 480,000 Period
Sales manager's salary $ 120,000 Period
Supplies for administrative office $ 1,000 Period
Customer billing supplies $ 2,000 Period
Cost Classifications:
Manufacturing /
Nonmanufacturing Fixed / Variable
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Variable
MOH Variable
MOH Variable
MOH Variable
MOH Variable
MOH Variable
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Fixed
MOH Variable
MOH Fixed
Direct materials Variable
Direct labor Variable
Administrative Fixed
Administrative Fixed
Selling Fixed
Administrative Fixed
Administrative Fixed
Administrative Fixed
Administrative Fixed
Selling Variable
Selling Fixed
Administrative Fixed
Administrative Variable
 Crispin Company
Traditional Format Income Statement

Sales $ 8,000,000
Cost of goods sold
Gross margin $ 8,000,000
Selling and administrative expenses:
Selling
Administrative $ -
Net operating income $ 8,000,000

Crispin Company
Contribution Format Income Statement
Sales $ 8,000,000
Variable expenses:
Cost of goods sold
Variable selling
Variable administrative $ -
Contribution margin $ 8,000,000
Fixed expenses:
Fixed manufacturnig overhead
Fixed selling
Fixed administrative $ -
Net operating income $ 8,000,000

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