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.) L. Houts Plastics Charlotte Inventory Levels Item Code Avg. Value Inventory (units) ($/unit) Dollar Volume % of Dollar Volume 1289 420 3.50 1470 2347 300 4.00 1,200 36.05 2349 120 2.50 300 9.01 2363 65 1.50 98 2394 60 1.75 105 3.15 2395 25 2.25 56 6782 20 1.15 23 0.69 7844 12 2.05 25 0.74 8210 10 2.00 20 8310 7 2.00 14 0.42 9111 6 3.00 18 0.54 3,328
L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) L. Houts Plastics Charlotte Inventory Levels Item Code Avg. Value Inventory (units) ($/unit) Dollar Volume % of Dollar Volume 1289 420 3.50 1470 2347 300 4.00 1,200 36.05 2349 120 2.50 300 9.01 2363 65 1.50 98 2394 60 1.75 105 3.15 2395 25 2.25 56 6782 20 1.15 23 0.69 7844 12 2.05 25 0.74 8210 10 2.00 20 8310 7 2.00 14 0.42 9111 6 3.00 18 0.54 3,328
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
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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
Code
L. Houts Plastics Charlotte Inventory Levels
Avg.
Value
Inventory (units) ($/unit)
Dollar
Volume
% of Dollar
Volume
1289
420
3.50
1470
2347
300
4.00
1,200
36.05
2349
120
2.50
300
9.01
2363
65
1.50
98
2394
60
1.75
105
3.15
2395
25
2.25
56
6782
7844
12
8210
10
8310
9111
22076
1.15
23
0.69
2.05
25
0.74
2.00
20
2.00
14
0.42
3.00
18
0.54
3,328
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