Question: Ralph Janaro simply does not have time to analyze all of the items in his company's inventory. As a young manager, he has more important

Ralph Janaro simply does not have time to analyze all of the items in his company's inventory. As a young manager, he has more important things to do.
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.

(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?

IDENTIFICATION CODE XXI B66 3CPO 33CP R2D2 RMS UNIT COST (S) 5.84 5.40 1.12 74.54 2.00 2.08 DEMAND IN UNITS 1,200 1,110 896 1,104 1,110 961

Step by Step Solution

★★★★★

3.36 Rating (165 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

a b Total Cost Unit Cost of Code Demand Total XX1 7008 7 B66 5994 6 3CP0 100... 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)

162-M-S-I-C-M (35).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!

The table below gives some of the items in the U.S. National Income and Product Accounts in 1995. Suppose the statistical discrepancy equals $0. Item Amount (trillions of dollars) Consumption...

Suppose 17% of the items in a large warehouse are defective. You have chosen a random sample of 350 items to examine in detail. Find the probability that more than 20% of the sample is defective.

Please draw the diagram on page 105 - figure 3a-4 also please add a budget of the items in the figure. Cost out and add a wireless router that supports the 802.11ac standard and firewall. Also please...

6-39 Ralph Janaro simply does not have time to analyze all of the items in his companys inventory. As a young manager, he has more important things to do. The following is a table of six items in...

Hello. I am looking for help with this problem set. Activity 4.5 - Module Problems Complete the following problems and submit the results in either a Microsoft Word document or a Microsoft Excel...

Arturo has budgeted the following total sales: Month Sales January $ 60,000 February $ 80,000 March $ 70,000 April $ 60,000 The company expects 80% of its sales to be on account (credit sales)....

Rashid Alyamahy simply does not have time to analyze all of the items in his company's inventory. As a young manager, he has more important things to do. The following is a table of six items in...

29 Finn simply does not have time to analyze all the items in his companys inventory. As a young manager, he has more important things to do. The following is a table of six items in inventory, along...

Chapter 5 Summary: A. Identify and discuss five or six standards that could be established; include how variance from such standards could be measured. C. From the perspective of a hotel's general...

The exponential function given by H(t)= 80,041.49(1.0486), where t is the number of years after 1995, can be used to project the number of centenarians in a certain country. Use this function to...

What is the maximum load that could be suspended from a copper wire of length 1.0 m and radius 1.0 mm without permanently deforming the wire? Copper has an elastic limit of 2.0 108 Pa and a tensile...

IRS Notice 2 0 2 2 - 6 provided additional guidance concerning substantially equal periodic payments ( SEPPs ) from qualified plans. One of the more significant changes provided by this IRS guidance...

48. Last inning 2010 Refer again to the regression analysis for average attendance and games won by American League baseball teams, seen in Exercise 44. a) Write the equation of the regression line....

=9-39 Grey Construction would like to determine the least expensive way of connecting houses it is building with cable TV. It has identified 11 possible branches or routes that could be used to...

=9-40 In going from Quincy to Old Bainbridge, there are 10 possible roads that George Olin can take. Each road can be considered a branch in the shortest-route problem. (a) Determine the best way to...

=9-41 South Side Oil and Gas, a new venture in Texas, has developed an oil pipeline network to transport oil from exploration fields to the refinery and other locations. There are 10 pipelines...

Strip Mining Inc. can develop a new mine at an initial cost of $8 million. The mine will provide a cash flow of $33 million in 1 year. The land then must be reclaimed at a cost of $31 million in the...

1.Calculate the mean, median and mode for: 2, 2, 4, 5, 8, 9, 10, 11, 11, 11 2.Calculate the mean, median and mode for: 1, 3, 3, 3, 5, 5, 8, 8, 8, 9, 10, 11 1.Calculate the range, average deviation,...

Elon Musk has purchased insurance for his home with three different companies, Company A covers 2570, Company covers 2505 and Company co 3531. Assuming the insurers follow an equal shares method, how...