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Required: Match the software tool (Alteryx, Excel, Gretl, Power BI, Python, Tableau, Tableau Prep) with its description. Description of Software Tool Software Tool Similar to Tableau Prep, but offers more file types for the output and more advanced analytics Usually considered the best software tool for visualizations Python Multipurpose tool for basic data preparation, business analysis, and data visualizations Requires knowledge of programming to use for business analysis Works with Tableau as a data-preparation tool Alteryx Intuitive open-source tool for users with a base level of statistics knowledge Microsoft product that goes beyond Microsoft Excel for reporting and visualizing data Power BI Gretl + 

          Required:
Match the software tool (Alteryx, Excel, Gretl, Power BI, Python, Tableau, Tableau Prep) with its description.
Description of Software Tool
Software Tool
Similar to Tableau Prep, but offers more file types for the output and more advanced analytics
Usually considered the best software tool for visualizations
Python
Multipurpose tool for basic data preparation, business analysis, and data visualizations
Requires knowledge of programming to use for business analysis
Works with Tableau as a data-preparation tool
Alteryx
Intuitive open-source tool for users with a base level of statistics knowledge
Microsoft product that goes beyond Microsoft Excel for reporting and visualizing data
Power BI
Gretl
+
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Required: Match the software tool (Alteryx, Excel, Gretl, Power BI, Python, Tableau, Tableau Prep) with its description. Description of Software Tool Software Tool Similar to Tableau Prep, but offers more file types for the output and more advanced analytics Usually considered the best software tool for visualizations Python Multipurpose tool for basic data preparation, business analysis, and data visualizations Requires knowledge of programming to use for business analysis Works with Tableau as a data-preparation tool Alteryx Intuitive open-source tool for users with a base level of statistics knowledge Microsoft product that goes beyond Microsoft Excel for reporting and visualizing data Power BI Gretl +

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Computer Science and Information Technology
Computer Science and Information Technology
Trishna Knowledge Systems 2018 Edition
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Required: Match the software tool (Alteryx, Excel, Gretl, Power BI, Python, Tableau, Tableau Prep) with its description. Description of Software Tool Software Tool Similar to Tableau Prep, but offers more file types for the output and more advanced analytics Tableau Prep Multipurpose tool for basic data preparation, business analysis, and data visualizations Alteryx Requires knowledge of programming to use for business analysis Python Works with Tableau as a data-preparation tool Power BI Intuitive open-source tool for users with a base level of statistics knowledge Gretl Microsoft product that goes beyond Microsoft Excel for reporting and visualizing data Excel
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Prairie Fields Bakery is a bakery specializing in pies. They are exploring options for expanding their product line by baking and selling cakes. The sale price for each cake will be $15. The following cost information has been provided: Variable Costs: Direct Materials: $3.40 Direct Labor: $1.50 Fixed Costs: Administrative Costs: $2,540 Utilities: $350 Rent: $1,200 You are a cost accountant for Prairie Fields Bakery, and you would like to analyze the cost-volume-profit for the proposed cake line. You will present your analysis to management. Your approach is to create a dashboard with the following visualizations: 1. Contribution Margin per Unit - This is a pie chart showing the contribution margin per unit as a pie slice and the total variable cost per unit as another pie slice. The total sales price per unit is also displayed in the center. 2. Variable Costs per Unit - This is a pie chart showing the direct labor per unit as a pie slice and the direct materials per unit as another pie slice. The total variable costs per unit are shown in the center. 3. Total Fixed Costs - This is a pie chart showing the administrative, utilities, and rent costs as pie slices. The total fixed costs value is shown in the center. 4. Operating Income by Sales Unit - This is a bar chart showing the operating income for sales units from 0 to 1000 (in increments of 100). 5. Cost-Volume-Profit Graph - This is a line chart showing the total revenue, total fixed costs, and total costs for sales units from 0 to 1000 (in increments of 100). If Prairie Fields Bakery's goal is to have an operating income of $5,000, how many cakes need to be sold? What would be the total revenue and the total costs associated with this sales volume? Cakes Total revenue $ Total costs $

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Transcript

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00:01 Hello students, first is calculate contribution margin.
00:18 Subtract total variable cost per unit that is 4 .90 dollars from sale price unit.
00:33 Sale price unit 15 dollars to get a contribution margin of 10 .10 dollars per unit.
00:50 Now determine variable costs.
01:08 Direct materials cost per unit is 3 .40 dollars plus direct labor cost per unit is 1 .50 dollars gives total cost of 4 .90 dollars per unit.
01:43 Find total fixed costs...
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