Question
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
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.)
Item Code Avg. Inventory (units) Value ($/unit) Dollar Volume % of Dolla Volume 1289 380 3.25 ? ? 2347 300 4.00 1,200 39.09 2349 120 2.50 300 9.77 2363 60 1.30 ? ? 2394 60 1.75 105 3.42 2395 30 1.75 ? ? 6782 20 1.15 23 0.75 7844 12 2.05 25 0.80 8210 10 2.00 ? ? 8310 7 2.00 14 0.46 9111 6 3.0018 0.59
Total under Dollar Volume = 3,070
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