Question: Problem 1 . 3 The classification of items is given by the following table, based on ABC method. Deduce some conclusions from these results.

Problem 1.3 The classification of items is given by the following table, based on ABC method. Deduce some conclusions from these results.
\table[[Item number,Annual demand,Unit cost,Dollar value,classification],[8,1000,4000,4,000,000,A],[5,3900,700,2,730,000,A],[3,1900,500,950,000,B],[6,1000,915,915,000,B],[1,2500,330,825,000,B],[4,1500,100,150,000,C],[12,400,300,120,000,C],[1,500,200,100,000,C],[9,8000,10,80,000,C],[2,1000,70,70,000,C],[7,200,210,42,000,C],[10,9000,2,18,000,C],[total,,,10,000,000,]]
 Problem 1.3 The classification of items is given by the following

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
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 General Management Questions!