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 1289 Value Code Inventory (units) ($/unit) Volume 3.25 300 4.00 1,200 120 2.50 300 70 1.30 MIN 60 1.75 105 25 2.25 20 1.15 23 12 2.05 25 5 2.00 2.00 14 3.00 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Avg. Dollar ▼ 88284AESTO 380 7 6 18 % of Dollar 3,077 Volume 39.00 9.75 3.41 0 0.75 0.80 0.46 0.59 D For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as
classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item 1289 Value Code Inventory (units) ($/unit) Volume 3.25 300 4.00 1,200 120 2.50 300 70 1.30 MIN 60 1.75 105 25 2.25 20 1.15 23 12 2.05 25 5 2.00 2.00 14 3.00 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Avg. Dollar ▼ 88284AESTO 380 7 6 18 % of Dollar 3,077 Volume 39.00 9.75 3.41 0 0.75 0.80 0.46 0.59 D 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 Item number 2349 should be classified as Item number 8210 should be classified as
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...
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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 number 2349 should be classified as
Item
Code
Item number 8210 should be classified as
1289
2347
2349
2363
2394
2395
6782
7844
8210
8310
9111
L. Houts Plastics Charlotte Inventory Levels
Avg.
Inventory (units)
380
300
120
70
POHONNO
60
25
20
12
5
7
Value
($/unit)
3,25
6
4.00
2.50
1.30
1.75
2.25
1.15
2.05
2.00
2.00
3.00
Dollar
Volume
1,200
300
105
23
25
70
% of Dollar
Volume
39.00
9.75
3.41
14
18
3,077
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
0.75
0.80
0.46
0.59
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