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 Avg. Value Inventory (units) ($/unit) % of Dollar Volume Item Code Dollar Volume 1289 360 3.75 2347 300 4.00 1,200 37.43 2349 120 2.50 300 9.36 2363 70 1.30 2394 60 1.75 105 3.28 2395 30 2.25 6782 20 1.15 23 0.72 7844 12 2.05 25 0.77 8210 8 1.60 8310 7 2.00 14 9111 6 3.00 18 0.44 0.56 3,206 For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as
L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) L. Houts Plastics Charlotte Inventory Levels Avg. Value Inventory (units) ($/unit) % of Dollar Volume Item Code Dollar Volume 1289 360 3.75 2347 300 4.00 1,200 37.43 2349 120 2.50 300 9.36 2363 70 1.30 2394 60 1.75 105 3.28 2395 30 2.25 6782 20 1.15 23 0.72 7844 12 2.05 25 0.77 8210 8 1.60 8310 7 2.00 14 9111 6 3.00 18 0.44 0.56 3,206 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). Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as
Practical Management Science
6th Edition
ISBN:9781337406659
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Publisher:WINSTON, Wayne L.
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answer choices for the last 3 parts are A,B, or C
![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
Avg.
Value
Inventory (units) ($/unit)
% of Dollar
Volume
Item
Code
Dollar
Volume
1289
360
3.75
2347
300
4.00
1,200
37.43
2349
120
2.50
300
9.36
2363
70
1.30
2394
60
1.75
105
3.28
2395
30
2.25
6782
20
1.15
23
0.72
7844
12
2.05
25
0.77
8210
8
1.60
8310
7
2.00
14
9111
6
3.00
18
0.44
0.56
3,206
For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics).
Based on the percentages of dollar volume, item number 1289 should be classified as
Item number 2349 should be classified as
Item number 8210 should be classified as](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F7470378f-99ab-497d-81e7-b8662f016d73%2F1133a6c0-dd3a-4584-802d-fed7720d8b66%2Fuz1jndi_processed.jpeg&w=3840&q=75)
Transcribed Image Text:L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC
classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.)
L. Houts Plastics Charlotte Inventory Levels
Avg.
Value
Inventory (units) ($/unit)
% of Dollar
Volume
Item
Code
Dollar
Volume
1289
360
3.75
2347
300
4.00
1,200
37.43
2349
120
2.50
300
9.36
2363
70
1.30
2394
60
1.75
105
3.28
2395
30
2.25
6782
20
1.15
23
0.72
7844
12
2.05
25
0.77
8210
8
1.60
8310
7
2.00
14
9111
6
3.00
18
0.44
0.56
3,206
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).
Based on the percentages of dollar volume, item number 1289 should be classified as
Item number 2349 should be classified as
Item number 8210 should be classified as
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