Given the following inventory information, construct an (a) ABC analysis by annual dollar usage, (b) ABC analysis
Question:
(a) ABC analysis by annual dollar usage,
(b) ABC analysis by current inventory value, and
(c) An ABC inventory matrix. Is the firm stocking the correctinventories?
Transcribed Image Text:
ITEM NUMBER UNIT COST ) ANNUAL USAGE (UNITS) CURRENT INVENTORY (UNITS) B8867 J1252 K9667 6.00 5.25 0.25 M4554 T6334 W9856 x2215 a214 Y6339 5.50 70.00 0.75 1.50 32.00 4.00 100 6,500 4,000 1,500 2,000 500 800 8,000 1,000 3,500 375 800 2,000 125
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 46% (13 reviews)
The following inventory information The firm has understocked J1252 M4554 ...View the full answer
Answered By
John Kimutai
I seek to use my competencies gained through on the job experience and skills learned in training to carry out tasks to the satisfaction of users. I have a keen interest in always delivering excellent work
4.70+
11+ Reviews
24+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
The following inventory information is for Stevenson Company. Beginning inventory . . . . . . . . . . . . . . . . . . . . . . . . . . . 200 units @ $8 Purchases . . . . . . . . . . . . . . . . . . ....
-
The following inventory information is available for Watercress Company: Required Fill in the table below (assume periodic inventorymethod). Units Unit cost Total cost Beginning inventory Feb. 14...
-
Given the following inventory information, perform an ABCanalysis. ITEM NUMBER UNIT COST (S) ANNUAL USAGE (UNITS) 88867 J1252 K9667 2425 M4554 T6334 W9856 X2215 Y3214 Y6339 6.00 5.25 0.25 1.00 5.50...
-
In Exercises 8194, begin by graphing the absolute value function, f(x) = |x|. Then use transformations of this graph to graph the given function. h(x) = x + 4 - 2
-
What are common-size financial statements?
-
What did people do that made you feel welcome? What did people do that made you feel selfconscious?
-
Lack of sleep costs companies about $1 8 billion a year in lost productivity, according to the National Sleep Foundation. Companies are waking up to the problem, however. Some even have quiet rooms...
-
Compare briefly the major types of employment interviews described in this chapter. Which type would you prefer to conduct? Why?
-
et and or ead. E10-9 Lowell Company's manufacturing overhead budget for the first quarter of 2014 (CGA adapted) contained the following data. Variable Costs Fixed Costs Indirect materials $12,000...
-
Melodic Musical Sales, Inc. is located at 5500 Fourth Avenue, City, ST 98765. The corporation uses the calendar year and accrual basis for both book and tax purposes. It is engaged in the sale of...
-
Frankfurt Electronics produces a component internally using a state-of-the-art technology. The operations manager wants to determine the optimal lot size to ensure that the total annual inventory...
-
Given the following inventory information, construct an (a) ABC analysis by annual dollar usage, (b) ABC analysis by current inventory value (c) An ABC inventory matrix. Is the firm stocking the...
-
Assume that the forward exchange rate is for 90 days forward and the interest rates are annualized 90- day rates in Question 9. Can a trader earn covered interest arbitrage profits?
-
1. A T-shaped beam with an overhang is supported and loaded as shown in Fig. 1. Draw shear force diagram and calculate (a) the shear stress at a point D, 2 m from support A and 25 mm from the top of...
-
Question 1: Write Specific Case to brief is Flying Fish Bikes, Inc. v. Giant Bicycle, Inc., 181 F.Supp.3d 957? Grading Rubric for Case Brief Written Case Brief 3 (Exceeds Identification - Heading...
-
A local gym is looking in to purchasing more exercise equipment and runs a survey to find out the preference in exercise equipment amongst their members. They categorize the members based on how...
-
A fountain with an opening of radius 0.015 m shoots a stream of water vertically from ground level at 6.0 m/s. The density of water is 1000 kg/m. (a) Calculate the volume rate of flow of water. (b)...
-
35 h/2 21 3 3 2t 3. A thin-walled beam has the cross-section shown in the figure. If the beam is subjected to a bending moment Mx in the plane of the web 23 calculate the direct stress at the points...
-
Identify the three forms of certification available to internal accountants.
-
A genetically engineered strain of Escherichia coli (E. coli) is used to synthesize human insulin for people suffering from type I diabetes mellitus. In the following simplified reaction scheme,...
-
What observations did Darwin make on the Galpagos Islands that helped convince him that evolution occurs? A. The existence of animals that did not fit into Linnaeuss classification system; B. The...
-
An automatic lathe produces rollers for roller bearings, and the process is monitored by statistical process control charts. The central line of the chart for the sample means is set at 8.50 and for...
-
An automatic lathe produces rollers for roller bearings, and the process is monitored by statistical process control charts. The central line of the chart for the sample means is set at 8.50 and for...
-
Canine Gourmet Super Breath dog treats are sold in boxes labeled with a net weight of 12 ounces (340 grams) per box. Each box contains 8 individual 1.5-ounce packets. To reduce the chances of...
-
Jennifer purchased a home for $1,000,000 in 2016. She paid $200,000 cash and borrowed the remaining $800,000. This is Jennifer's only residence. Assume that in year 2024, when the home had...
-
business plan describing company with strengths and weaknesses. Any gaps in plan. Recommendations for improvement of the plan.
-
You wish to buy a car today for $35,000. You plan to put 10% down and finance the rest at 5.20% p.a. for six years. You will make equal monthly payments of $_______.
Study smarter with the SolutionInn App