Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

L . Houts Plastics is a large manufacturer of injection - molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte

L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.)
Part 2
L. Houts Plastics Charlotte Inventory Levels
Item Code
Avg. Inventory(units)
Value
($/unit)
Dollar
Volume
% of Dollar Volume
1289
360
4.00
enter your response here
enter your response here
2347
300
4.00
1,200
35.87
2349
120
2.50
300
8.97
2363
75
1.80
enter your response here
enter your response here
2394
60
1.75
105
3.14
2395
35
2.00
enter your response here
enter your response here
6782
20
1.15
23
0.69
7844
12
2.05
25
0.74
8210
10
1.60
enter your response here
enter your response here
8310
7
2.00
14
0.42
9111
6
3.00
18
0.54
3,346

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

Business Research Methods

Authors: Alan Bryman, Emma Bell

3rd Edition

0199583404, 9780199583409

More Books

Students also viewed these General Management questions

Question

Compute the derivative of f(x)cos(-4/5x)

Answered: 1 week ago

Question

Discuss the process involved in selection.

Answered: 1 week ago

Question

Differentiate tan(7x+9x-2.5)

Answered: 1 week ago

Question

Explain the sources of recruitment.

Answered: 1 week ago