18 Aug Question: Jacket Frenzy Is A Small Clothing Manufacturer, Specializing In Creating Custom, One-of-a-kind Jackets. They Exclusively Sell Their Product Through Their Online Store. Jacket Frenzy Is Run By A Team Of Three Staff Members: April, Beatrice, And Claudia. April And Beatrice Work Together To Manufacture Jackets. Claudia Manages Orders, Sales And Delivery. …
Jacket Frenzy is a small clothing manufacturer, specializing in creating custom, one-of-a-kind jackets. They
exclusively sell their product through their online store.
Jacket Frenzy is run by a team of three staff members: April, Beatrice, and Claudia.
April and Beatrice work together to manufacture jackets. Claudia manages orders, sales and delivery.
Jacket Frenzy receive requests through their online store, and Claudia responds with a quote, after
consulting with a member of the manufacturing team. If the customer confirms their order, April and
Beatrice manufacture the ordered products, and Claudia organizes delivery.
Currently, the process for generating a quote is entirely subjective, based on the requested material and
jacket size. Staff members quote an amount based on their personal experience.
For several months, staff have been keeping track of the quote date, material, size, quote amount, and
manufacturing cost for each order in a spreadsheet. As each product is hand-made, the manufacturing
cost may vary between similar orders.
If a quote was not accepted by the customer, then manufacturing cost is not included.
This spreadsheet is available below
| Quote date | Material | Size | Quote amount | Manufacturing cost ($) |
| 2018-06-04 | Cotton | S | 76.3 | 25.3 |
| 2018-06-05 | Cotton | L | 68 | 31 |
| 2018-06-06 | Wool | L | 80.3 | 47.1 |
| 2018-06-06 | Leather | XL | 247.6 | 71.8 |
| 2018-06-06 | Wool | L | 78 | 46 |
| 2018-06-07 | Wool | M | 94.8 | 39.6 |
| 2018-06-08 | Wool | XS | 154.1 | 30.3 |
| 2018-06-08 | Wool | L | 121 | 44 |
| 2018-06-11 | Wool | XS | 63.3 | 31.3 |
| 2018-06-11 | Tweed | XL | 169 | 82 |
| 2018-06-12 | Wool | XS | 91.3 | 32.1 |
| 2018-06-13 | Wool | L | 111.6 | 45.8 |
| 2018-06-13 | Tweed | XL | 238 | 81 |
| 2018-06-13 | Wool | XXL | 114.8 | 56.6 |
| 2018-06-14 | Wool | L | 123.1 | 46.3 |
| 2018-06-14 | Wool | M | 107 | 39 |
| 2018-06-14 | Wool | XXL | 116.3 | 56.3 |
| 2018-06-14 | Cotton | XL | 94 | 31 |
| 2018-06-15 | Wool | XL | 156.3 | 52.1 |
| 2018-06-18 | Silk | S | 363.6 | 86.8 |
| 2018-06-18 | Wool | XS | 74 | 32 |
| 2018-06-18 | Cotton | M | 83.8 | 26.6 |
| 2018-06-19 | Cotton | L | 70.1 | 28.3 |
| 2018-06-20 | Tweed | XXL | 198 | 97 |
| 2018-06-20 | Cotton | M | 71.3 | 24.3 |
| 2018-06-21 | Leather | XXL | 231 | 75 |
| 2018-06-21 | Tweed | XL | 222.3 | 82.1 |
| 2018-06-22 | Silk | M | 236.6 | 93.8 |
| 2018-06-22 | Wool | L | 166 | 50 |
| 2018-06-22 | Wool | M | 154.8 | 42.6 |
| 2018-06-25 | Wool | XS | 100.1 | 34.3 |
| 2018-06-26 | Wool | S | 93 | 41 |
| 2018-06-26 | Cotton | L | 91.3 | 29.3 |
| 2018-06-27 | Wool | L | 100 | 49 |
| 2018-06-27 | Wool | L | 103.3 | 49.1 |
| 2018-06-27 | Cotton | L | 79.6 | 28.8 |
| 2018-06-27 | Wool | XL | 129 | 54 |
| 2018-06-28 | Wool | S | 155.8 | 42.6 |
| 2018-06-29 | Wool | XXL | 156.1 | 64.3 |
| 2018-07-02 | Cotton | M | 64 | 24 |
| 2018-07-02 | Wool | XS | 106.3 | 35.3 |
| 2018-07-03 | Cotton | L | 86 | 29 |
| 2018-07-03 | Cotton | S | 78.3 | 22.1 |
| 2018-07-04 | Wool | XS | 106.6 | 35.8 |
| 2018-07-04 | Cotton | S | 64 | 22 |
| 2018-07-04 | Wool | L | 122.8 | 52.6 |
| 2018-07-05 | Tweed | XS | 250.1 | 55.3 |
| 2018-07-06 | Cotton | XXL | 100 | 34 |
| 2018-07-06 | Cotton | M | 84.3 | 25.3 |
| 2018-07-06 | Cotton | L | 92 | 28 |
| 2018-07-09 | Tweed | XS | 173.3 | 55.1 |
| 2018-07-09 | Cotton | XS | 70.6 | 19.8 |
| 2018-07-09 | Leather | XS | 160 | 42 |
| 2018-07-09 | Cotton | L | 89.8 | 28.6 |
| 2018-07-10 | Wool | L | 115.1 | 53.3 |
| 2018-07-10 | Cotton | M | 73 | 24 |
| 2018-07-10 | Silk | S | 384.3 | 88.3 |
| 2018-07-10 | Leather | L | 206 | 60 |
| 2018-07-11 | Wool | M | 127.3 | 46.1 |
| 2018-07-11 | Tweed | XS | 211.6 | 56.8 |
| 2018-07-11 | Cotton | XXL | 104 | 33 |
| 2018-07-11 | Wool | XXL | 155.8 | 64.6 |
| 2018-07-12 | Wool | S | 165.1 | 42.3 |
| 2018-07-12 | Wool | XS | 125 | 36 |
| 2018-07-13 | Tweed | S | 276.3 | 68.3 |
| 2018-07-13 | Wool | S | 144 | 42 |
| 2018-07-13 | Wool | XL | 134.3 | 57.1 |
| 2018-07-13 | Wool | XXL | 192.6 | 63.8 |
| 2018-07-16 | Wool | M | 122 | 48 |
| 2018-07-17 | Cotton | XL | 75.8 | 31.6 |
| 2018-07-18 | Cotton | XS | 58.1 | 18.3 |
| 2018-07-18 | Tweed | XXL | 316 | 105 |
| 2018-07-19 | Wool | M | 129.3 | 50.3 |
| 2018-07-20 | Wool | XXL | 173 | 69 |
| 2018-07-23 | Leather | XS | 182.3 | 38.1 |
| 2018-07-23 | Wool | XXL | 135.6 | 70.8 |
| 2018-07-23 | Wool | S | 121 | 44 |
| 2018-07-23 | Leather | L | 249.8 | 57.6 |
| 2018-07-24 | Cotton | S | 66.1 | 22.3 |
| 2018-07-24 | Cotton | L | 81 | 28 |
| 2018-07-24 | Cotton | S | 70.3 | 22.3 |
| 2018-07-24 | Wool | XS | 113 | 39 |
| 2018-07-25 | Cotton | XS | 74.3 | 18.1 |
| 2018-07-25 | Tweed | M | 230.6 | 76.8 |
| 2018-07-26 | Silk | XL | 291 | 130 |
| 2018-07-26 | Cotton | L | 84.8 | 27.6 |
| 2018-07-26 | Wool | XS | 114.1 | 38.3 |
| 2018-07-26 | Leather | S | 110 | 47 |
| 2018-07-27 | Cotton | XS | 53.3 | 18.3 |
| 2018-07-30 | Wool | XS | 107 | 38 |
| 2018-07-31 | Leather | XS | 193.3 | 37.1 |
| 2018-07-31 | Cotton | XS | 73.6 | 18.8 |
| 2018-08-01 | Leather | S | 222 | 44 |
| 2018-08-01 | Silk | XL | 532.8 | 127.6 |
| 2018-08-02 | Silk | S | 170.1 | 96.3 |
| 2018-08-02 | Wool | XXL | 189 | 71 |
| 2018-08-03 | Cotton | XXL | 95.3 | 33.3 |
| 2018-08-06 | Silk | M | 499 | 103 |
| 2018-08-07 | Leather | L | 213.3 | 55.1 |
Task – Price consistency
Using Excel, analyse the historical data you have available, and create a spreadsheet that allows a member
of the Jacket Frenzy team to enter the jacket material and size, and gives a quote amount.
Ensure that you include enough text and formatting to make your spreadsheet usable by a member of the
Jacket Frenzy team (or by a University lecturer).
You may base your quote amount either on historical averages, or to ensure that Jacket Frenzy makes a
profit.
Validate your quoting approach by applying your formula to historical data.
Justify your approach in word file (approximately 150 words), and attach your Excel file
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