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Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as

Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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L. Houts Plastics is a large manufacturer of​ injection-molded plastics in North Carolina. An investigation of the​ company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification​ system?

​(Round

dollar volume to the nearest whole number and percentage of dollar volume to two decimal​ places.)

 

Item Code    Avg. Inventory (units)    Value ($/unit)
1289                        380                           3.25
2347                        300                           4.00
2349                        120                           2.50
2363                         70                            1.30
2394                         60                            1.75
2395                         25                            1.75
6782                         20                            1.15
7844                         12                            2.05
8210                         10                           1.60
8310                          7                            2.00
9111                          6                             3.00

L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item Code 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Dollar Avg. Inventory (units) Volume 380 300 120 70 60 25 20 2016 7 Item number 2349 should be classified as Value ($/unit) 3.25 4.00 2.50 1.30 1.75 1.75 1.15 2.05 1.60 2.00 3.00 Item number 8210 should be classified as 1,200 300 105 23 25 14 18 3,070 % of Dollar Volume 39.08 9.77 3.42 0.75 0.80 For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number 1289 should be classified as 0.46 0.59
Transcribed Image Text:L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item Code 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Dollar Avg. Inventory (units) Volume 380 300 120 70 60 25 20 2016 7 Item number 2349 should be classified as Value ($/unit) 3.25 4.00 2.50 1.30 1.75 1.75 1.15 2.05 1.60 2.00 3.00 Item number 8210 should be classified as 1,200 300 105 23 25 14 18 3,070 % of Dollar Volume 39.08 9.77 3.42 0.75 0.80 For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number 1289 should be classified as 0.46 0.59
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