Question: A company is preparing for a cycle count of its inventory. The companys ERP inventory report showed the following values for the products under review.

A company is preparing for a cycle count of its inventory. The company€™s ERP inventory report showed the following values for the products under review.

Which items would you classify as being A items? As B items? As C items? Quantitatively justify your answer.

Item No. Item Cost No. in Stock CD-143 17.00 FR-46 GP-123 63.00 MPZ-65 300.00 NWM-8 657.75 KL-35 2525.00 39 PF-18 RD-82850.00 ZW-6 CP-40 BX-2 LG-94 75.00 WU-09 22.50 TY-187325.00 QX-22 195.99851 587 1500.00 25 635 12 2050 789.99 353 79 629 37.99 5000.00 7 7.50 7506 1200 2364 46

Step by Step Solution

★★★★★

3.22 Rating (163 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

ABC classification schemes may vary Item Item Cost ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

629-B-M-L-S-C-M (4160).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

Consider pressure-driven flow in an annular channel. The inner and outer radii are as in Fig. P7.1, but now both cylinders are stationary and there is a mean fluid velocity U in the z direction. The...

Early in January 2013, Hopkins Company is preparing for a meeting with its bankers to discuss a loan request. Its bookkeeper provided the following accounts and balances at December 31, 2012. Except...

Early in January 2020, Hopkins Company is preparing for a meeting with its bankers to discuss a loan request. Its bookkeeper provided the following accounts and balances at December 31, 2019. Except...

ABC Company is preparing for an audit. To begin with, they are evaluating the balances in each account of the trial balance. Using the attached trial balance, enter the balances for the following...

A company is preparing for a cycle count of its inventory. The company's ERP inventory report showed the following values for the products under review. Click the icon to view company's inventory...

Problem 6 : ABC Analysis A company is preparing for a cycle count of its inventory. The company's ERP inventory report showed the following values for the products under review. \ table [ [ Item No ....

A company is preparing for a cycle count of its inventory. The company's ERP inventory report showed the following values for the products under review. Click the icon to view company's inventory...

A. Which material is better for manufacturing diodes: Silicon or germanium? Explain why? B. Explain what happens to the dynamic resistance of the diode as the forward current increases. C. Determine...

Follow the instructions of Prob. 12.5-2 for the following IP problem: Maximize Z = 220x1 + 80x2, Subject to and x1 ¥ 0, x2 ¥ 0 x1, x2 are integers. 5x, +212 s 16 2 x212s 4

solve the intergral from - 1 t o 2 o f x d x ( x + 1 ) ? ( 2 )

A city acquires supplies for its fire department and uses the consumption method of accounting. Which of the following statements is true for the fund statements? a. An expenditures account was...

An athlete suspected of using steroids is given two tests that operate independently of each other. Test A has probability 0.9 of being positive if steroids have been used. Test B has probability 0.8...

The figure represents the measured displacement-time relationship for a vibration with small damping where it is impractical to achieve accurate results by measuring the nearly equal amplitudes of...

The 1.62-oz golf ball is struck by the fi ve-iron and acquires the velocity shown in a time period of 0.001 sec. Determine the magnitude R of the average force exerted by the club on the ball. What...

The sliding plate viscometer shown below is used to measure the viscosity of a fluid. The top plate is moving to the right with a constant velocity of V = 22 m/s in response to a force of F = 1 N....

Describe an example of a positive outcome due to politics.

A refinery blends four petroleum components into three grades of gasolineregular, premium, and super. The maximum quantities available of each component and the cost per barrel are as follows: To...

The Home Improvement Building Supply Company has received the following order for boards in three lengths: Length Order (quantity) 7 feet .........700 boards 9 feet ..........1200 boards 10 feet...

IT Computer Services assembles its own brand of personal computers from component parts it purchases overseas and domestically. IT sells most of its computers locally to different departments at...

StatCrunch Assignment 1A You will select a sample of 100 students from this population and analyze the data from the sample to draw conclusions about the entire population. We want our sample to be...

1.Find the point estimate of the population mean and the margin of error for a 90% confidence interval for the following drive times (in minutes) for commuters to a college. 354047221719364465...

Your division is considering two projects with the following cash flows (in millions): a. What are the projects' NPVs assuming the WACC is 5% ? Enter your answer in millions. For example, an answer...