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In: Statistics and Probability
L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of...
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 Value dollar volume % dollar volume
1289 400 3.75 ---- -----
2347 300 4 1200 35.75
2349 120 2.50 300 8.94
2363 65 1.30 ----- ------
2394 60 1.75 105 3.13
2395 30 2.25 ----- ------
6782 20 1.15 23 0.69
7844 12 2.05 25 0.73
8210 10 2.00 ----- ------
8310 7 2.00 14 0.42
9111 6 3.00 18 0.54
3,357
Solutions
orchestra answered 1 year agoRelated Solutions
L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of...
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 Charlotte Inventory Levels Item CodeAvg. Inventory (units)Value ($/unit)Dollar Volume% of Dollar Volume12894003.75◻◻23473004.001,20035.5923491202.503008.902363751.50◻◻2394601.751053.112395302.00◻◻6782201.15230.687844122.05250.73821081.80◻◻831072.00140.42911163.00180.533,372
L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of...
L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dolor volume to the nearest whole number and percentage of dollar volume to two decimal places.) L. Houts Plastics Charlotte Inventory Levels Item CodeAvg. Inventory (units)Value ($lunit)Dollar Volume%of Dollar Volume12894203.75◻◻23473004.001,20034.7723491202.503008.692363701.80◻◻2394601.751053.042395252.00◻◻6782201.15230.677844122.05250.71821082.00◻◻831072.00140.41911163.00180.52 For the following three questions, consider only items 1289,...
L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of...
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 dollar
volume
1289 400
3.50
_____
______...
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