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
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
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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).
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
.
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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