Over the past year, a company has sold the following 10 items. The following table shows the

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Over the past year, a company has sold the following 10 items. The following table shows the annual sales in units and the cost of each item.

a. Calculate the annual dollar usage of each item.

b. List the items according to their total annual dollar usage.

c. Calculate the cumulative annual dollar usage and the cumulative percentage of items.

d. Group the items into A, B, and C groups based on percentage of annual dollar usage.

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Related Book For answer-question

Introduction To Materials Management

ISBN: 978-9386873248

8th edition

Authors: Arnold J. R. Tony, Gatewood Ann K., M. Clive Lloyd N. Chapman Stephen

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Question Posted: Sep 21, 2022 01:04 AM

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Over the past year, a company has sold the following 10 items. The following table shows the

Question:

Part Number 2 3 4 5 6 7 8 9 10 Annual Unit Usage 21,000 5000 1600 12,000 1000 50 800 10,000 4000 5000 Unit Cost $ 1 40 3 100 50 2 3 Annual $ Usage

Step by Step Answer:

Part number 1 2 3 4 5 6 7 8 9 10 Total Annual unit usag...View the full answer

Introduction To Materials Management

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