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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.) D Annual SKU Unit Value Demand (units) Dollar Usage $ 40000 $360 $ 2300 $12 $3280 $ 350 $ 35 $ 19500 an example Get more help. 1 2 3 4 5 6 7 8 $1.00 $0.90 $0.02 $0.01 $4.10 $1.40 $0.35 $0.30 Rank the SKUs in descending order on the basis of their annual dollar usage and fill in the table with the ranked SKU's percentage of dollar usage. (Enter your responses rounded to two decimal places.) Rank 1 2 3 4 5 6 7 SKU Code ▼ ▼ 40,000 400 115,000 1,200 800 250 100 65,000 ▼ Percent of Dollar Usage % % % % % % % Clear all Check answer

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.) D Annual SKU Unit Value Demand (units) Dollar Usage $ 40000 $360 $ 2300 $12 $3280 $ 350 $ 35 $ 19500 an example Get more help. 1 2 3 4 5 6 7 8 $1.00 $0.90 $0.02 $0.01 $4.10 $1.40 $0.35 $0.30 Rank the SKUs in descending order on the basis of their annual dollar usage and fill in the table with the ranked SKU's percentage of dollar usage. (Enter your responses rounded to two decimal places.) Rank 1 2 3 4 5 6 7 SKU Code ▼ ▼ 40,000 400 115,000 1,200 800 250 100 65,000 ▼ Percent of Dollar Usage % % % % % % % Clear all Check answer

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.) an example Q Get more help. Annual SKU Unit Value Demand (units) Dollar Usage $ 40000 $360 $ 2300 $12 $ 3280 $ 350 $ 35 $ 19500 11 1 2 Rank the SKUs in descending order on the basis of their annual dollar usage and fill in the table with the ranked SKU's percentage of dollar usage. (Enter your responses rounded to two decimal places.) 3 4 5 6 7 8 $1.00 $0.90 $0.02 $0.01 $4.10 $1.40 $0.35 $0.30 Rank 1 2 3 4 5 6 7 E SKU Code 40,000 400 115,000 1,200 800 250 100 65,000 V Percent of Dollar Usage % % 1% % % % 1.11 Clear all Check answer
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.) an example Q Get more help. Annual SKU Unit Value Demand (units) Dollar Usage $ 40000 $360 $ 2300 $12 $ 3280 $ 350 $ 35 $ 19500 11 1 2 Rank the SKUs in descending order on the basis of their annual dollar usage and fill in the table with the ranked SKU's percentage of dollar usage. (Enter your responses rounded to two decimal places.) 3 4 5 6 7 8 $1.00 $0.90 $0.02 $0.01 $4.10 $1.40 $0.35 $0.30 Rank 1 2 3 4 5 6 7 E SKU Code 40,000 400 115,000 1,200 800 250 100 65,000 V Percent of Dollar Usage % % 1% % % % 1.11 Clear all Check answer
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