Complete an ABC analysis of the five items that Jones Corporation carries in inventory. Rank-order each item (row) based on "% of Annual Sales Revenue" in descending order. (Round your annual sales to the nearest dollar amount and other answers to 1 decimal place.)

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...
icon
Related questions
Question

Note:-

  • Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
  • Answer completely.
  • You will get up vote for sure.
The following table contains data about the inventory for five items at Jones Corporation.
Ending
Unit
Inventory
160,000
64,000
101,000
210,000
64,000
599,000
Item #
1
2
3
4
5
Total
Item #
Total
1
2
3
Beginning
Unit
Inventory
190,000
45
Complete an ABC analysis of the five items that Jones Corporation carries in inventory. Rank-order each item (row) based on "% of
Annual Sales Revenue" in descending order. (Round your annual sales to the nearest dollar amount and other answers to 1 decimal
place.)
44,000
89,000
240,000
54,000
617,000
Annual
Sales Revenue
$
0
% of
AnnualSales
Revenue
0
Annual
Unit Sales
440,000
120,000
100,000
%
%
%
%
150,000
185,000
995,000
Unit Cost
$ 18
$ 43
$ 6
$ 12
$ 1
Cumulative% of
Sales
%
%
%
%
%
Class
Transcribed Image Text:The following table contains data about the inventory for five items at Jones Corporation. Ending Unit Inventory 160,000 64,000 101,000 210,000 64,000 599,000 Item # 1 2 3 4 5 Total Item # Total 1 2 3 Beginning Unit Inventory 190,000 45 Complete an ABC analysis of the five items that Jones Corporation carries in inventory. Rank-order each item (row) based on "% of Annual Sales Revenue" in descending order. (Round your annual sales to the nearest dollar amount and other answers to 1 decimal place.) 44,000 89,000 240,000 54,000 617,000 Annual Sales Revenue $ 0 % of AnnualSales Revenue 0 Annual Unit Sales 440,000 120,000 100,000 % % % % 150,000 185,000 995,000 Unit Cost $ 18 $ 43 $ 6 $ 12 $ 1 Cumulative% of Sales % % % % % Class
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 7 images

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
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…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.