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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.)     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

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.)     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
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.)
 
 
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
 
 
.
L. Houts Plastics Charlotte Inventory Levels Item Code Avg. Inventory (units) 400 300 120 65 60 30 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 20 12 8 7 6 Value ($/unit) 3.50 4.00 2.50 1.50 1.75 2.00 1.15 2.05 1.60 2.00 3.00 Dollar Volume 1,200 300 105 23 25 14 18 3,255 % of Dollar Volume 36.87 9.22 3.23 0.71 0.76 0.43 0.55
Transcribed Image Text:L. Houts Plastics Charlotte Inventory Levels Item Code Avg. Inventory (units) 400 300 120 65 60 30 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 20 12 8 7 6 Value ($/unit) 3.50 4.00 2.50 1.50 1.75 2.00 1.15 2.05 1.60 2.00 3.00 Dollar Volume 1,200 300 105 23 25 14 18 3,255 % of Dollar Volume 36.87 9.22 3.23 0.71 0.76 0.43 0.55
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