Question: insufficient time to devote to all its items equally. Here is a sample of some items stocked, along with the annual usage of each item

insufficient time to devote to all its items equally. Here is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume. Use ABC method to classify the following ten products in the company's inventory. (Note: Total dollar value is $3,781) Which of the following is NOT true in terms of classifying items based on ABC analysis? ITEM ANNUAL DOLLAR USAGE 229 A1 B2 38 55 D4 201 % OF TOTAL VALUE 0.77% 1.01% 1.45% 5.32% 1.22% 74.85% 1.06% 0.85% 7.41% 6.08% E5 F6 G7 H8 46 2,830 40 19 32 280 230 J10 USAGE VALUE A1 229 0.77% B2 38 1.01% 55 1.45% D4 201 5.32% E5 46 F6 2,830 1.22% 74.85% 1.06% G7 40 H8 32 19 0.85% 7.41% 280 230 J10 6.08% C items account for 6.36% Number of B items would be two A item accounts for 74.85% D4 would be one of B items

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