Question: 1. Develop an ABC classification system for the 10 items below. 2. How can Boreki use this information. Annual Cost/Unit Dollar % of Total

1. Develop an ABC classification system for the 10 items below. 2. How can Boreki use this information. Annual Cost/Unit Dollar % of Total Item Demand (SR) Volume Dollar Volume 15 1750 10 B8 3500 12 J8 2500 5 H2 600 20 C7 1500 45 G2 300 1500 A2 3000 350 E9 1000 20 F3 800 400 D1 6000 210

Step by Step Solution

★★★★★

3.35 Rating (142 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Solution 1 Formula used Dollar volume Annual demand Cost per unit Total dollar vo... 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

Students Have Also Explored These Related Accounting Questions!

Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classification. (a) Develop an ABC classification system for...

Boreki Enterprises has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classifications. Develop an ABC classification system for...

ABC plc operates an integrated cost accounting system and has a financial year which ends on 30 September. It operates in a processing industry in which a single product is produced by passing inputs...

Allocation of costs to activities, unused capacity. Harmon Academy, a private school for boys, serves 500 students: 200 in the middle school (grades 68) and 300 in the high school (grades 912). Each...

At Sonic, you have been asked to develop a marketing channel system for the new Sonic 1000 smart phone. Based on what you know about designing and managing integrated marketing channels, answer the...

1. What criteria does the Training Unit use to judge the feasibility of a new project? List them. 2. List any changes or modifications to these criteria that you would recommend. 3. Snowden Evans has...

Develop a check digit system for the part numbers in Problem 10 using the Luhn formula.

Tots to Teens is a catalog retailer specializing in children's clothing. A project has been underway to develop a new order-entry system for the company's catalog clerks. The old system had a...

1. Columbiana is a small, independent island in the Caribbean that has many historical buildings, forts, and other sites, along with rain forests and striking mountains. A few first- class hotels and...

Harmon Academy, a private school, serves 500 students: 200 in the middle school (grades 6 to 8) and 300 in the high school (grades 9 to 12). Each school group has its own assistant principal, and...

Excel Online Structured Activity: Statement of cash flows You have just been hired as a financal analyst for darrington Industries. Unfortunately, company headquarters (where all of the firm's...

Thomas Anderson manufactures and sells homemade wine, and he wants to develop a standard cost per litre. The following are required for production of a 150-litre batch: 72.00 litres of grape...

A contract in writing was entered into between buyer A and seller B for the sale of 200,000 tons of quartz sand to be delivered in four loads of 50,000 tons per week as required, with each delivery...

Part A In the following paragraph, you will read about the study of emerging explorer Prof. Harrison. Conjugate the verbs in parentheses to agree with the subjects. My friends and I ______________...

ABC factory produces 24,000 units. The cost sheet gives the following information: Direct Materials Rs. 1,20,000 Direct Labour Rs. 84,000 Variable overheads Rs. 48,000 Semi variable overheads Rs....

Jayson Walker is a member of a consumer - driven health plan ( CDHP ) that is funded by a health savings account ( HSA ) established by his employer, Brock Industries. Brock's CDHP also uses a high -...

You bought a 3 0 - year, 7 . 9 % semi - annual coupon bond today and the current market rate of return is 5 . 5 % . The bond is callable in 6 years with a $ 1 , 0 9 3 call premium. What price did you...

The test statistic in the NeymanPearson Lemma and the likelihood ratio test statistic K are intimately related. Consider testing H 0 : = 0 versus H a : = a , and let * denote the test statistic...

Repeat the simulation in Problem F.17, assuming that the reorder point is 4 units rather than 2. Compare the costs for these two situations. Again use the same random numbers as in Problem F.7? In...

Explain the concept of cross-docking.

What are the five reasons productivity is difficult to improve in the service sector?

Suppose a perfectly competitive market for hot-dog stands in New York City becomes monopolistically competitive when gourmet, discount, and ethnic hot-dog retailers show up, making each cart slightly...

Large telecom companies like AT&T routinely send repair technicians to customers homes. Although they are skilled laborers, they must usually train on the job, so it takes some time for them to reach...

For which good would you expect deadweight loss to be smaller relative to the total surplus in its market: Burger King hamburgers or Lady Gaga MP3s? Explain your answer.