Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Boreki Enterprise has the following 1 0 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classifications.

Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.)
Part 2
Item
Annual Demand
Cost/Unit
Dollar Volume
% of Total Dollar Volume
1200
.14
88000
10.35
1000
.12
300000
35.29
Part 3
For the following two questions consider only items and for relative classification(these are some of the items for which you computed the metrics).
Based on the percentages of dollar volume, item should be classified as
.
Part 4
Item should be classified as
A
B
C
.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Process

Authors: Lee Long

4th Edition

978-0201822939,0201822938

More Books

Students also viewed these General Management questions

Question

How to solve maths problems with examples

Answered: 1 week ago

Question

Which job has the highest profit?

Answered: 1 week ago

Question

On average, what is the largest revenue component measure?

Answered: 1 week ago

Question

What is managements expected profit margin for each product?

Answered: 1 week ago