Ralph Janaro simply does not have time to analyze all of the items in his company's inventory.
Question:
The following is a table of six items in inventory along with the unit cost and the demand in units.
(a) Find the total amount spent on each item during the year. What is the total investment for all of these?
(b) Find the percentage of the total investment in inventory that is spent on each item.
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(c) Based on the percentages in part (b), which item(s) would be classified in categories A, B, and C using ABC analysis?
(d) Which item(s) should Ralph most carefully control using quantitativetechniques?
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Step by Step Answer:
a b Total Cost Unit Cost of Code Demand Total XX1 7008 7 B66 5994 6 3CP0 100...View the full answer
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Somshukla Chakraborty
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Related Book For 
Quantitative Analysis for Management
ISBN: 978-0132149112
11th Edition
Authors: Barry render, Ralph m. stair, Michael e. Hanna
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