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Revision Effectivity date: Reviewed by: Approved by:

No. 1
10 August, 2020 GEMMA E.PAGSUGIRON,MBA MA.TERESA S. SARABIA, Ph. D
QMR President

Lesson: 4
Learning Module 4: Advanced Spreadsheet Skills

Content Standards, Performance Standard,

Learning Competencies and Specific
Learning Outcomes

Content Standards:
The learners demonstrate an understanding of the use of advanced tools and techniques found
in common productivity and software applications in developing ICT content for specific
professional tracks

Performance Standard:
The learners shall be able to at the end of the 2-week period independently apply advanced
productivity tools to create or develop ICT content for use in specific professional tracks
These may be in the form of, but not limited to:
1. Calculating spreadsheet of athletic statistics (Sports)
2. The layout of the catalog of creative works (Arts)
3. Materials/ ingredients projections for batches of baked goods (Tech - Voc)
4. Letterhead/ business card design (Business/ Academic)

Learning Competencies:
The learners:
1. uses common productivity tools effectively by maximizing advanced application
techniques;
2. creates an original or derivative ICT content to effectively communicate or present
data or information related to specific professional tracks.

Specific Learning Outcomes:

Upon completion of this module, you must have:
1. distinguished the commonly used function of Microsoft Excel;
2. used several conditional functions available in Microsoft Excel;
3. used Microsoft Excel as a variable tool in market research and product development;

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Revision Effectivity date: Reviewed by: Approved by:

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10 August, 2020 GEMMA E.PAGSUGIRON,MBA MA.TERESA S. SARABIA, Ph. D
QMR President

4. comprehend what makes a product or service profitable;

5. successfully avoid overspending in everyday situations (from OECD Frameworks);
6. critically assess the effectiveness of their previous financial decision and consider
whether to repeat these decisions in the future; and
7. recognized the basic financial foundation in setting up a potentially profitable business
enterprise.

Overview

Good day, student! Let's start our day with a short activity.

• Try to come up with a product or service that you can sell or offer to fellow students,
teachers, or school administrators around your school. It could be delicacies 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 food or product, add something that you
think could be marketable. You may add malungay to polvoron. The keychain may
contain a caricature of the buyer. You can also create artworks and sell them as
products or services.
• On a sheet of paper, fill out the form with the information about your product. A sample
is shown below:

Product Information

Product or Service name: ___________________________________________

Group Name: _____________________________________________________

Group Members:

________________________________________________________________

________________________________________________________________

Product Description:

________________________________________________________________
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STUDENT LEARNING MODULE

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Revision Effectivity date: Reviewed by: Approved by:

No. 1
10 August, 2020 GEMMA E.PAGSUGIRON,MBA MA.TERESA S. SARABIA, Ph. D
QMR President

Discussion

Whether your work is in the field of accounting or not, the truth is whether you do should
be accounted for. This is because the resources you use cost you experiences. Whether you
become a scientist, an engineer, a yoga instructor, a bartender, or an airline pilot, it is important
to understand how a company spends its resources to be able to deliver a product or services.
These factors could easily be computed using spreadsheet programs like Microsoft Excel or
Google Sheets.

Estimating the Product Cost using Microsoft Excel

Product Information

Product Name/Brand: Starbuko Organic Milk Tea

Group Name: Starbuko Food Corporation

Product Description:

Starbuko Milk Tea is a special milk tea using organic ingredients especially made for
Filipinos.

Let's assume that we are going to sell milk tea with the following information:
Ingredients Materials: Tea, water, condensed milk, ice, special sweetener
We will use Microsoft Excel to find out if our estimated sale price is reasonable, considering the
actual price of the ingredients.
Estimated sale Price: Php 25.00 per cup
1. Copy the information below:

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QMR President

Note: Values with PHP or Philippine peso sign use the Accounting Number Format. Its
default uses the dollar symbol ($). To change this, click the drop-down arrow at the
currency button $, then select More accounting Formats, then change the symbol to
PHP.

2. Use the SUM formula to get the summation of the values from cells 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 us profit. 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 or adjusted sale price,
which is Php34.00.

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QMR President
5. The result is Php7.80. This is profitable at this price. However, this does not guarantee
our product's success.

6. Save your file as L4 Cost of Ingreduents.xlsx.

Now it is your group's turn to do this for your product. Remember to research
the ingredient's price if applicable, divide the quantity of a certain ingredient sp that its
cost will only cover one serving. For instance, 300 ml of condensed milk will cover about
three servings of milk tea, so you have to divide its price by three.

What makes a product profitable?

As seen in the exercise above, we must first ensure that the selling price is greater than
the total cost of ingredients. However, these ingredients only represent the cost per unit, also known
as the variable cost of the product. This does not yet include the variable involved in actually
producing the product, which include electricity, rent, labor, etc. all these overhead experiencing,
which are incurred whether or not you produce any milk tea, are also known as fixed costs.

So what makes a product profitable? It is combination of how profitable it is (i.e. how big
profit margin is per unit) and how fast it sells (i.e. how many units can you sell regularly). If total
units sold times profit margin covers all of your expenses, both fixed and variable, then your product
is said to be profitable!

Analyzing Data using Microsoft Excel

It is now time for us to collect data from our target market. In reality, researchers would
also come up with survey questions before they release the product. The data they gathered
will help them determine if the product has any chance of succeeding in a target market.
For your group's 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 (teacher, students, personnel). You can use the sample
survey form provided in the market your questionnaire:

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Revision Effectivity date: Reviewed by: Approved by:

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10 August, 2020 GEMMA E.PAGSUGIRON,MBA MA.TERESA S. SARABIA, Ph. D
QMR President

Sample Survey (for Food Products)

Name: ____________________________________ Age: __________________

Income/day: _______________________________(optional)

Instructions: Circle the letter of your answer:

1. On a scale of 1-5, how would you rate the product’s quality?

a. 1 b. 2 c. 3 d. 4 e. 5
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
4. Are you satisfied with the product?
a. Yes b. No
5. Would you recommend the product to a friend?
a. Yes b. No
6. How much are you willing to pray for this product?
a. Php15.00 and below
b. Php16.00-25.00
c. Php26.00-35.00
d. Php36.00-45.00
e. Php46.00-55.00

Suggestions or comments:

Add ore questions that fit your product. If your product is not a food product, replace the "taste"
rate with the durability of function rate. Have this survey form approved by your teacher to
produce around 15 copies of these.

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QMR President

Produce your sample product for the actual product testing. The sample product should
be for 15 to 20 people. Start the product testing in your school by letting your fellow students,
teachers, and 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 product
example.

Figure 4.1 Raw Survey Results of Starbuko Milk Tea Survey

Tip: To change the orientation of a text, press Ctrl + 1 to open the Format Cells dialog box.
Choose Alignment tab and under Orientation, specify the degrees you want.

This data is raw. Assuming that we have a huge sample, we have to apply several
formulas to be able to analyze the result of this survey easily.

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AVERAGE Function

Let us start with a simple average formula to determine the average rating of Quality,
Taste, Presentation, and Product.
The syntax would be =AVERAGE(cells involved).
Example:
Using Figure 4.1, determine the average for Quality:
=AVERAGE (F5: F19)
Determine the average of all your criteria and place them at the bottom of your survey results
similar to the screenshot below:

COUNTIF Function

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 contain
something. However, in this case, we just need to count the ones that have YES or NO in them.
For this, we have to use the COUNTIF function.
COUNTIF Function Syntax:
=COUNTIF (range, criteria)
Rage – the cells where the counting will take place
Criteria – the label or value that determines if it is to be counted.

Example:
Using Figure 1.9, the formula for getting the number of YES for the criteria is
=COUNTIF(J5:J19," YES")

Tip: if comma (,) does not work, try using semicolon (;) in separating the formula. Thus, it would be = COUNTIF
(J5:J19;” YES”). This is because of the language settings of using semicolon instead of comma. To use commas
in separating Excel formulas, change the List Separator in the Language Settings.

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Determine the number of YES answer in both criteria and place them at the bottom of
your survey result similar to the screenshot below:

If we were to determine if we should sell our product or services to teachers or students, we

could use the AVERAGEIF function.

AVERAGEIF Function

Using the AVERAGEIF Function, we can average a range if the cell beside it equals to
"teacher" or "student."
AVRAGEIF uses the following syntax:
= AVERAGEIF (range, criteria, average range)
Range – the range of cells where you want to look for the criteria
Criteria – a value or label that determines if a cell is part of the range to be averaged
Average Range (optional) – the actual range of cells that will be averaged, of omitted,
the range will be used instead
Example:
Using figure 4.1

With this, we can say that the teachers rated the product higher.

In other instances, you may also want to use the SUMIF function, which works similarly
to the AVERAGEIF function, except that it gets the summation rather than the average.

1. (Rex Bookstore), Empowerment Technologies,

Reference Innovative Training Works, Inc.

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