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Week 4 Emp Technologies Oliva
Week 4 Emp Technologies Oliva
LEARNING MODULE
EMPOWERMENT
TECHNOLOGIES
Whether you work in the field of accounting or not, the truth is whatever you do should be accounted for.
This is because the resources you use cost you expenses, whatever you become a scientist, an engineer, a yoga
instructor, a bartender, or an airline pilot, it is important to understand how company spend to be able to deliver a
product or service these factors could easily be computed using spreadsheet programs like Microsoft Excel or Google
Sheets.
2. MOTIVATION
Try to come up with a product or service that you can sell or offer around the campus. It can be sweets like
polvoron or yema, small souvenirs like keychains or bag tags, or services like foot spa or harana (serenade) for hire.
Add a personal twist to your product. If it is a food product, add something that you think could be marketable.
You may add malunggay to polvoron. The keychain may contain a caricature of the buyer. You can also create
artworks and sell them as a product or service on a sheet of paper, fill out the information of your product. A sample
is shown below:
Product Information:
Name: _________________________________________________________
Product Description:
____________________________________________________________________
Ingredients/Materials:
____________________________________________________________________
Estimated Sale Price: ______________ per: _________________________________
3.LESSON PROPER
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Estimating the Product Cost using Microsoft Excel
Let us assume that we are going to sell milk tea with the following information:
Product Information
Product Description:
Starbuko Milk Tea is a Special milk tea using organic ingredients especial
made for Filipinos.
We will use Microsoft Excel to find out if out estimated sale price is reasonable considering the actual price
of the ingredients.
Note: Values with PHP or Philippine peso sign use the Accounting. Number format. Its default uses the dollar symbol
(Php). To change this, click the drop-down arrow at the currency button then select More Accounting Formats, then
change the symbol to Dollar.
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2. Use the SUM formula to get the summation of the values from C4 to C7. The SUM formula is =SUM
(C4:C7). Type this on cell C8 as shown below:
3. Check if our estimated price will earn. Type the additional information shown below then apply the
arithmetic formula for subtraction:
4. The result Is PHP2. 20. Our estimated price is not profitable. Let us make an
adjustment. Include the information below and deduct the Total from the New Sale Price:
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5. The result is PHP7.80. This is profitable at this price. However, this does.
Now it is your turn to do this for your own product. Remember to research on the ingredients price and if
applicable, divide the quantity of a certain ingredient so that its cost will only cover one serving. For instance, a 300
ml condensed milk will cover about three servings of milk tea, so you must divide its price by three.
It is now time for us to collect data from our target market. Researchers would also come up with survey questions
before they release the product. The data they gathered would help them determine if the product has any chance
of succeeding in a target market.
For your product, come up with several questions that will help you determine how your sample from your target
market would perceive your product. Your target market for this activity is the people in your school (teachers,
students, personnel).
Name: ___________________________________________________________________Age:
____________
income/day: ______________________________________________________________(optional)
a.1 b. 2 c. 3 d. 4 e. 5
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2.On a scale of 1-5, how would you rate the product’s taste? ' .
a. 1 b. 2 c. 3 d. 4 e. 5
3.On a scale of 1-5, how would you rate the product's presentation?
a.1 b. 2 c.3 d. 4 e. 5
a. Yes b. No ‘
a. Yes b. No
Suggestion or Comments______________________________________________________________
__________________________________________________________________________________
__________________________________________________________________________________
Add more questions hitting for your product. If your product is not a food product, replace the” taste” rate
with durability or function rate. Have. this survey form approved by your teacher then produce around 15 copies of
these.
Before we do actual product testing, your group must produce your sample product. Produce samples for
1520 people.
Start your product testing in your school by letting students, teachers, and/ or personnel taste/test your
product. Afterward, gather the data and place them in Microsoft Excel. A sample of this spreadsheet is on the next
page using the milk tea example.
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Figure1. Raw Survey Result of Starbuko Milk Tea Survey
Tip: To change the orientation of a text, press Ctrl+1. To open the Format Cells dialog box >
Alignment tab>under Orientation specify. the degrees you want.
Obviously, this data is raw. If we have a huge sample, we have to apply several formulas to be
able to easily analyze the result of this survey.
Let us start by a simple average formula to determine the average rating of Quality, Taste,
Presentation, and Product.
=AVERAGE(F5:19)
Determine the average for all your criteria and place them at the bottom of your survey results similar to
the screenshot below:
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Next, determine how many people said YES or NO if they were satisfied with the product or if they would
recommend it to their friend. For this, we will use the COUNTIF function.
Using the =COUNT function will allow us to count the number of cells that contains something. However, in this
case, we just need to count the ones that have YES or NO in them. For this, we must use the COUNTIF function.
Example:
Using figure 1, the formula for getting the number of YES for the criteria is
= COUNTIF (J5:19,” YES”)
Determine the number of YES answers in both criteria and place them at the bottom of your survey results like
the screenshot below:
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4.EVALUATION
ACTIVITY:
1. Create a Microsoft Excel File. Using the information you gathered from your survey form.
Use the following formulas:
The syntax would be =AVERAGE (cells involved).
=AVERAGE(F5:19)
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