Answered step by step
Verified Expert Solution
Link Copied!

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. Fill

image text in transcribed
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 % of Total Dollar Item Annual Demand Cost/Unit Volume Volume A2 500 300 B8 4000 12 48,000 7.02 C7 1500 45 67,500 9.87 D1 20 35 E9 1000 20 20,000 2.92 F3 34 250 G2 200 1500 300,000 43.85 H2 600 20 12,000 1.75 15 1000 65 J8 2500 5 12,500 1.83 For the following two questions consider only items A2 and F3 for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item A2 should be classified as Item F3 should be classified as

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

Step: 3

blur-text-image

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

Micromotives And Macrobehavior

Authors: Thomas Schelling

1st Edition

0393329461, 9780393329469

More Books

Students also viewed these Economics questions