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 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Avg. Inventory (units) 420 300 120 65 60 30 02576 12 Value ($/unit) 3.25 4.00 2.50 1.50 1.75 2.25 1.15 2.05 2.00 2.00 3.00 Dollar Volume 1365 1,200 300 105 23 25 14 18 3,225 % of Dollar Volume 37.21 9.30 3.26 0.71 0.76 0.43 0.56

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 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Avg. Inventory (units) 420 300 120 65 60 30 02576 12 Value ($/unit) 3.25 4.00 2.50 1.50 1.75 2.25 1.15 2.05 2.00 2.00 3.00 Dollar Volume 1365 1,200 300 105 23 25 14 18 3,225 % of Dollar Volume 37.21 9.30 3.26 0.71 0.76 0.43 0.56

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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