The CEO would first like a general description of what each concept is, and the benefits each technique could provide for the following techniques: (3 marks) ABC Classification Periodic vs. Continuous Cycle counting . . Secondarily, accounting has provided some inventory data below and the CEO would like to know how you recommend applying the techniques at Modern Home. For each item, recommend: (6 marks) An ABC Classification (A/B/C) An appropriate inventory system (Periodic or Continuous) A cycle counting frequency (monthly / quarterly / semi-annual) Tip: Extend the following chart by adding a column for each of these . Item # Item Description Unit Cost Annual Volume R-38756 D-12983 G-16728 R-95437 G-67158 R-12487 R-27598 G-49756 R-47617 G-34796 D-17654 G-46872 D-53247 D-75195 G-29437 Range drawer Dishwasher frame Insulated wire (300V) Range lamp fixture (optional) Circuit board control panel Range frame Range handle Plastic tie (locking) Range element - 6" Rack support / slide Water pump 1" phillips screw Dishwasher rack (upper / lower) Backflow valve 2" PVC tubing Unit of Measure PCS PCS METRE PCS PCS PCS PCS PCS PCS PCS PCS PCS PCS PCS FEET $38.00 $87.00 $0.50 $66.00 $125.00 $105.00 $15.00 $0.03 $17.50 $0.70 $42.00 $0.02 $24.00 $2.50 $0.80 9,690 13,400 51,800 380 14,000 9,200 10,630 180,000 23,740 54,400 14,560 240,000 21,700 57,500 22,050 The CEO would first like a general description of what each concept is, and the benefits each technique could provide for the following techniques: (3 marks) ABC Classification Periodic vs. Continuous Cycle counting . . Secondarily, accounting has provided some inventory data below and the CEO would like to know how you recommend applying the techniques at Modern Home. For each item, recommend: (6 marks) An ABC Classification (A/B/C) An appropriate inventory system (Periodic or Continuous) A cycle counting frequency (monthly / quarterly / semi-annual) Tip: Extend the following chart by adding a column for each of these . Item # Item Description Unit Cost Annual Volume R-38756 D-12983 G-16728 R-95437 G-67158 R-12487 R-27598 G-49756 R-47617 G-34796 D-17654 G-46872 D-53247 D-75195 G-29437 Range drawer Dishwasher frame Insulated wire (300V) Range lamp fixture (optional) Circuit board control panel Range frame Range handle Plastic tie (locking) Range element - 6" Rack support / slide Water pump 1" phillips screw Dishwasher rack (upper / lower) Backflow valve 2" PVC tubing Unit of Measure PCS PCS METRE PCS PCS PCS PCS PCS PCS PCS PCS PCS PCS PCS FEET $38.00 $87.00 $0.50 $66.00 $125.00 $105.00 $15.00 $0.03 $17.50 $0.70 $42.00 $0.02 $24.00 $2.50 $0.80 9,690 13,400 51,800 380 14,000 9,200 10,630 180,000 23,740 54,400 14,560 240,000 21,700 57,500 22,050
