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Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from their supplier (Class A items), those that will be controlled using a continuous review system (B items), and those that will be held in a two bin system (C items). The following table shows the annual dollar usage for a sample of eight SKUs. Fill in the blanks for annual dollar usage below. (Enter your responses rounded to the nearest whole number.) Question Viewer Annual SKU Unit Value Demand (units) Dollar Usage 1 $0.30 55,000 $ 2 $0.03 1,300 $ 3 $0.02 115,000 $ 4 $0.90 400 5 $0.55 80 69 69 6 $4.20 800 A 7 $1.00 35,000 8 $1.30 250

Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from their supplier (Class A items), those that will be controlled using a continuous review system (B items), and those that will be held in a two bin system (C items). The following table shows the annual dollar usage for a sample of eight SKUs. Fill in the blanks for annual dollar usage below. (Enter your responses rounded to the nearest whole number.) Question Viewer Annual SKU Unit Value Demand (units) Dollar Usage 1 $0.30 55,000 $ 2 $0.03 1,300 $ 3 $0.02 115,000 $ 4 $0.90 400 5 $0.55 80 69 69 6 $4.20 800 A 7 $1.00 35,000 8 $1.30 250

Practical Management Science
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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Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from their supplier (Class A items), those that will be controlled using a continuous review system (B items), and those that will be held in a two bin system (C items). The following table shows the annual dollar usage for a sample of eight SKUs. Fill in the blanks for annual dollar usage below. (Enter your responses rounded to the nearest whole number.) Question Viewer Annual SKU Unit Value Demand (units) Dollar Usage 1 $0.30 55,000 $ 2 $0.03 1,300 $ 3 $0.02 115,000 $ 4 $0.90 400 5 $0.55 80 69 69 6 $4.20 800 A 7 $1.00 35,000 8 $1.30 250
Transcribed Image Text:Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from their supplier (Class A items), those that will be controlled using a continuous review system (B items), and those that will be held in a two bin system (C items). The following table shows the annual dollar usage for a sample of eight SKUs. Fill in the blanks for annual dollar usage below. (Enter your responses rounded to the nearest whole number.) Question Viewer Annual SKU Unit Value Demand (units) Dollar Usage 1 $0.30 55,000 $ 2 $0.03 1,300 $ 3 $0.02 115,000 $ 4 $0.90 400 5 $0.55 80 69 69 6 $4.20 800 A 7 $1.00 35,000 8 $1.30 250
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