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LHouts 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
LHouts 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 the tems according to an ABC classification system? (Round dolar volume to the nearest whole number and percentage of dollar volume to two decimal places) L Houts Plastics Charlotte Inventory Levels Item Code Avg Inventory Value (unit) Dollar Volume % of Dollar Volume (units) 1280 400 3.50 2347 300 4.00 1,200 36.98 2349 120 2.50 300 925 2363 70 1.30 2304 60 1.75 106 324 2395 35 1.75 6782 20 1.15 23 0.71 7844 12 2.00 25 0.70 8210 5 1.60 8310 9111 7 2.00 14 0.43 3.00 18 0.55 3.245 For the following three questions, consider only Bems 1289, 2340, and 8210 from the above table for relative classification (hese are some of the tems for which you computed the metrics). Based on the percentages of dollar volume, tem number 1280 should be classified as (1) Bem number 2340 should be classified as (2) Hem number 8210 should be classified as (3) 908 OA OA COD 00 OA OB
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