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ABC classification of the first table Please confirm if the classification of the second table is correct (when A About 20% of items, account for
- ABC classification of the first table
- Please confirm if the classification of the second table is correct (when A About 20% of items, account for 80% of dollar usage
B About 30% of items, account for 15% of dollar usage
C About 50% of items, account for 5% of dollar usage)
A - About 20% of items, account for 80% of dollar usage B - About 30% of items, account for 15% of dollar usage C - About 50% of items, account for 5% of dollar usage \begin{tabular}{|c|c|c|c|c|c|} \hline \begin{tabular}{c} Part \\ Number \end{tabular} & \begin{tabular}{c} Annual \\ Dollar \\ Usage \end{tabular} & \begin{tabular}{c} Cumulative \\ Dollar \\ Usage \end{tabular} & \begin{tabular}{c} Percentage \\ Usage \end{tabular} & \begin{tabular}{c} Cumulative \\ Percentage \\ Usage \\ \end{tabular} & Classification \\ \hline 2 & $24,000 & $24,000 & 63.07 & 63.07 & A \\ \hline 5 & $6,000 & $30,000 & 15.77 & 78.84 & A \\ \hline 8 & $3,000 & $33,000 & 7.88 & 86.72 & B \\ \hline 1 & $2,200 & $35,200 & 5.78 & 92.5 & B \\ \hline 4 & $1,300 & $36,500 & 3.42 & 95.92 & C \\ \hline 10 & $500 & $37,000 & 1.31 & 97.23 & C \\ \hline 3 & $400 & $37,400 & 1.05 & 98.28 & C \\ \hline 6 & $250 & $37,650 & 0.66 & 98.94 & C \\ \hline 7 & $200 & $37,850 & 0.53 & 99.47 & C \\ \hline 9 & $200 & $38,050 & 0.53 & 100 & \\ \hline & & & & & \\ \hline \end{tabular} A - About 20% of items, account for 80% of dollar usage B - About 30% of items, account for 15% of dollar usage C - About 50% of items, account for 5% of dollar usage \begin{tabular}{|c|c|c|c|c|c|} \hline \begin{tabular}{c} Part \\ Number \end{tabular} & \begin{tabular}{c} Annual \\ Dollar \\ Usage \end{tabular} & \begin{tabular}{c} Cumulative \\ Dollar \\ Usage \end{tabular} & \begin{tabular}{c} Percentage \\ Usage \end{tabular} & \begin{tabular}{c} Cumulative \\ Percentage \\ Usage \\ \end{tabular} & Classification \\ \hline 2 & $24,000 & $24,000 & 63.07 & 63.07 & A \\ \hline 5 & $6,000 & $30,000 & 15.77 & 78.84 & A \\ \hline 8 & $3,000 & $33,000 & 7.88 & 86.72 & B \\ \hline 1 & $2,200 & $35,200 & 5.78 & 92.5 & B \\ \hline 4 & $1,300 & $36,500 & 3.42 & 95.92 & C \\ \hline 10 & $500 & $37,000 & 1.31 & 97.23 & C \\ \hline 3 & $400 & $37,400 & 1.05 & 98.28 & C \\ \hline 6 & $250 & $37,650 & 0.66 & 98.94 & C \\ \hline 7 & $200 & $37,850 & 0.53 & 99.47 & C \\ \hline 9 & $200 & $38,050 & 0.53 & 100 & \\ \hline & & & & & \\ \hline \end{tabular}Step by Step Solution
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