Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Boreki Enterprise has the following 10 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.) Dollar Item Annual Demand Cost/Unit Volume % of Total Dollar Volume A2 250 20 5000 65 88 4000 12 48,000 5.56 C7 1500 45 67,500 7.81 D1 150 2000 300000 38 E9 1000 20 20,000 2.31 F3 60 150 9000 G2 200 1500 300,000 34.72 H2 600 20 12,000 1.39 15 300 300 90000 11 JB 2500 5 12,500 1.45
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started