Part 1 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.) For the following three questions, consider only items 1289, 2349,8210 from the above table for relative classification (these are some of the items for which you computed the metrics) A) Based on the percentages of follar colume, item number 1289 should be classified as _ (A,B,C) B) Item number 2349 should be classified as _ (A,B,C) c) Item number 8210 should be classified as _ (A.B, C)
Part 1 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.) For the following three questions, consider only items 1289, 2349,8210 from the above table for relative classification (these are some of the items for which you computed the metrics) A) Based on the percentages of follar colume, item number 1289 should be classified as _ (A,B,C) B) Item number 2349 should be classified as _ (A,B,C) c) Item number 8210 should be classified as _ (A.B, C)
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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Part 1 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.) For the following three questions, consider only items 1289, 2349,8210 from the above table for relative classification (these are some of the items for which you computed the metrics) A) Based on the percentages of follar colume, item number 1289 should be classified as _ (A,B,C) B) Item number 2349 should be classified as _ (A,B,C) c) Item number 8210 should be classified as _ (A.B, C)
Transcribed Image Text:n
Item
Code
Avg.
Inventory (units)
Value
($/unit)
L. Houts Plastics Charlotte Inventory Levels
% of Dollar
Volume
Dollar
Volume
1289
400
3.50
2347
300
4.00
1,200
36.79
2349
120
2.50
300
9.20
2363
60
1.30
2394
60
1.75
105
3.22
2395
35
2.25
6782
7844
12
8210
10
8310
9111
22076
1.15
23
0.71
2.05
25
0.75
2.00
2.00
14
0.43
3.00
18
0.55
3,261
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