Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places) Item A2 B8 C7 Dollar Volume D1 E9 F3 Annual Demand Cost/Unit 500 300 4000 12 45 1500 20 1000 20,000 34 35 20 250 1500 20 65 ☐ G2 200 300,000 12,000 H2 600 15 1000 F J8 2500 5 12,500 For the following two questions consider only items A2 and F3 for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item A2 should be classified as Item F3 should be classified as 48,000 67,500 n O % of Total Dollar Volume 7.02 9.87 2.92 43.85 1.75 1.83
Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places) Item A2 B8 C7 Dollar Volume D1 E9 F3 Annual Demand Cost/Unit 500 300 4000 12 45 1500 20 1000 20,000 34 35 20 250 1500 20 65 ☐ G2 200 300,000 12,000 H2 600 15 1000 F J8 2500 5 12,500 For the following two questions consider only items A2 and F3 for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item A2 should be classified as Item F3 should be classified as 48,000 67,500 n O % of Total Dollar Volume 7.02 9.87 2.92 43.85 1.75 1.83
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
Related questions
Question
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 3 images
Recommended textbooks for you
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.