4 Oakwood Hospital is considering usingABC analysis to classify laboratory SKUsinto three categories: those that will bedelivered daily from their supplier (Class Aitems), those that will be controlled using acontinuous review system (B items), andthose that will be held in a two bin system(C items). The following table shows theannual dollar usage for a sample of eightSKUs. Fill in the blanks for annual dollarusage below. (Enter your responsesrounded to the nearest whole number.)SKU Dollar Value Annual Usage1 $0.45 802 $1.10 40,0003 $0.02 1,3004 $0.2065,0005 $0.02 125,0006 $1.50 1507 $4.30 9008 $0.70 400

Formulae used: To determine the Annual dollar usage: Annual dollar usage = Unit value × Demand

Answered: Oakwood Hospital is considering using…

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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