Leemin Enterprises carries 9,000 items of outdoor garden dcor. Its owner, Peter Ng, uses an ABC classification
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Leemin Enterprises carries 9,000 items of outdoor garden décor. It’s owner, Peter Ng, uses an ABC classification system. 7% of the items are classified as A. 33% of the items are classified as B. The remaining items are classified as C. Peter wants his operations staff to count the A items monthly, the B items quarterly, and the C items semi-annually. Leemin uses 20 days per month for calculations.
How many items of each classification and in total need to be counted each day?
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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