Answered step by step
Verified Expert Solution
Question
1 Approved Answer
David Alexander has compiled the following table of six items in inventory at Angelo Products, along with the unit cost and the annual demand in
David Alexander has compiled the following table of six items in inventory at Angelo Products, along with the unit cost and the annual demand in units: Use ABC analysis to determine which item(s) should be carefully controlled using a quantitative inventory technique and which item(s)should not be closely controlled.
\begin{tabular}{|l|c|c|} \hline \begin{tabular}{l} IDENTIFICATION \\ CODE \end{tabular} & \begin{tabular}{l} UNIT COST \\ (\$) \end{tabular} & \begin{tabular}{l} ANNUAL DEMAND \\ (UNITS) \end{tabular} \\ \hline XX1 & 5.84 & 1,200 \\ \hline B66 & 5.40 & 1,110 \\ \hline 3CPO & 74.54 & 896 \\ \hline 33CP & 2.00 & 1,104 \\ \hline R2D2 & 2.08 & 1,110 \\ \hline RMS & 961 \\ \hline \end{tabular}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