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.)

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.) What is the value of dollar volume for item 2395? A. 0.70 B. 2.14 C. 70 D. 1425 What is the highest dollar volume percentage? ; (round your response to two decimal places). The concept of ABC category analysis is based on A. statistical sampling, i.e., sampling a few items to get control of the whole inventory. B. controlling the maximum number of inventory items with moderate effort. C. controlling the maximum amount of money with minimal effort. D. controlling the maximum number of inventory items with minimal effort. For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Hint: Class A accounts for 70% - 80% of the dollar volume, but only 10% - 15% of the inventory volume;Class B accounts for 15% - 20% of the dollar volume and 25% - 30% of the inventory volume; Class C accounts for 5% of the dollar volume and 55% of the inventory volume. In this case, we will define the ABC system as classifying the top 70% of dollar volume items as A, the next 20% as B, and the remaining 10% as C items. Look for the highest dollar volume percentage and when a tie occurs choose the one with the lowest demand percentage; classify this as A. If both percentages are fairly close, classify both in the same class. Then choose the next lower class, eliminating the items you already classified. Given the percentages of inventory volume and of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as For the following three questions, consider only items 1289,2349 , and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Hint: Class A accounts for 70%80% of the dollar volume, but only 10% - 15% of the inventory volume;Class B accounts for 15% - 20% of the dollar volume and 25% - 30% of the inventory volume; Class C accounts for 5% of the dollar volume and 55% of the inventory volume. In this case, we will define the ABC system as classifying the top 70% of dollar volume items as A, the next 20% as B, and the remaining 10% as C items. Look for the highest dollar volume percentage and when a tie occurs choose the one with the lowest demand percentage; classify this as A. If both percentage are fairly close, classify both in the same class. Then choose the next lower class, eliminating the items you already classified. Given the percentages of inventory volume and of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as