a. The following table contains figures on the monthly volume and unit costs for a random sample

Question:

a. The following table contains figures on the monthly volume and unit costs for a random sample of 16 items from a list of 2,000 inventory items at a health care facility. Develop an A- B- C classification for these items:

Usage Unit Cost Usage Unit Cost Item Item 200 600 150 25 80 200 300 800 $10 25 36 16 20 60 550 90 110 120 40 500 30 K34

b. Given the monthly usages in the following table, classify the items in A, B, and C categories according to dollar usage:

c. Determine the percentage of items in each category and the annual dollar value for each category for part b.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Operations Management

ISBN: 978-0078024108

12th edition

Authors: William J Stevenson

See More Books

Question Posted: Dec 30, 2014 07:01 AM

See More Questions

The following table contains figures on the monthly volume and unit costs for a random sample of 16 items from a list of 2,000 inventory items at a health care facility: a. Develop an A-B-C...
The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance were recorded. The ANOVA comparing the mean annual dividend rate among...
The annual dividend rates for a random sample of 16 companies in three different industries, utilities, banking, and insurance were recorded. The ANOVA comparing the mean annual dividend rate among...
Consider the Cobb-Douglas production function f(x, y) = 300x0.85, 0.15 When x = 4000 and y = 800, find the following. (Round your answers to two decimal places.) (a) the marginal productivity of...
Fill in the following table. If the factors in the first column change as indicated, in which direction will the variables in the remaining columns change? Consider only the immediate and direct...
For each of the following processes, state whether OLTP or OLAP is appropriate and why, a. An order entry system that retrieves customer information, invoice information, and inventory information...
Football and Brain Size A recent study examined the relationship of football and concussions on hippocampus volume in the brain. The study included three groups with $n=25$ in each group: heathy...
Carolyn Falgout accompanied William Wardlaw as a social guest to Wardlaws brothers camp. After both parties had consumed intoxicating beverages, Falgout walked onto a pier that was then only...
A 3mw laser with frequency 7.49e 14hz hits a mirror with normal incidence. Assume all the photons from the laser are reflected from the mirror back to the direction of the laser. what force does the...
The Chewy Candy Company would like to determine an aggregate production plan for the next six months. The company makes many different types of candy but feels it can plan its total production in...
a. Determine an A-B-C classification for these items: b. Find the EOQ given this information: D 4,500 units/ year, S $ 36, and H $ 10 per unit per year. c. Find the economic production quantity given...
A bakery buys flour in 25- pound bags. The bakery uses 1,215 bags a year. Ordering cost is $ 10 per order. Annual carrying cost is $ 75 per bag. a. Determine the economic order quantity. b. What is...
a. Analyze for each function. b. Determine whether f has a slant asymptote. If so, write the equation of the slant asymptote. lim f(x) and lim f(x) 1 + x 2r? x3 f(x)
A circuit consists of a battery with an EMF of 12 V and three capacitors in series, where C = 15 F, C =30 F, and C3 = 45 F. What energy is stored in the capacitors?
A 700 lbm rocket is accelerated at a rate of 20 ft/s2 . What total force is required in lbf if: a) the rocket is moving horizontally and without friction, b) the rocket is moving vertically upward in...
An 12-floor apartment building has 15 electrical circuits per apartment. There are 8 apartments per floor. How many electrical circuits are there in the building
A 1 2 . 0 m lenghh of copper wore has a resistance of 1 . 5 0 ohms. How long must an aluminium wire with the same cross sectional area be to have the same resistance? ( resistivities of copper and...
Runner A is 50 m from the end of a race, and is running at a steady speed of 5 m.s-'. At that instant runner B is 10 m behind A, and running at 4 m.s-'. What acceleration does B need to tie the race,...
Let X be a continuous random variable with the following PDF We also know that Find the MMSE estimate of X, given Y = y is observed. fx(x) = 2x 0 if 0 x 1 otherwise
XYZ Inc. a calendar year, accrual basis corporation, had the following items during 2021: Gross revenue from operations Cost of goods sold $420,000 ($180,000) $9,000 LT capital gain .LT capital...
To address his concern regarding the previous advisers asset allocation approach, Raye should assess the Laws portfolio using: A. a homogeneous and mutually exclusive asset classbased risk analysis....
Explain the importance of work design.
Five departments are to be assigned to locations B through F in the grid. (For technical reasons, department 6 must be assigned to location A.) Transportation cost is $2 per foot. The objective is to...
Assign nine automobile service departments to bays in a 3 3 grid so that the closeness ratings in the following matrix are satisfied. (The unimportant and ordinary-importance ratings have been...
In this module, we discussed reporting and analyzing performance data. Take a look at your local school district, city, or county government website. Discuss the following: 1. Post a link and give a...
With reference to a project of your own, draw a project team charter and include the relevant details for the project you had selected.
In this Week 7 discussion, you will post at least two paragraphs to discuss global sourcing and procurement. In your discussion post, you will address the challenges in implementing a global sourcing...

a. The following table contains figures on the monthly volume and unit costs for a random sample

Question:

Usage Unit Cost Usage Unit Cost Item Item 200 600 150 25 80 200 300 800 $10 25 36 16 20 60 550 90 110 120 40 500 30 K34 K35 F99 10 12 15 40 30 16 10 D45 D48 D52 D57 NO8 PO5 P09 K36 M10 M20 Z45 F14 F95 20 80 20 30

Step by Step Answer:

a Given The following table contains figures on the monthly volume and unit costs for a random sample of 16 items Develop an ABC classification for th...View the full answer

Operations Management

Students also viewed these Management Leadership questions