Question: Problem 1. Develop an ABC graph for the data in the table below. Which items should be classified A, B, and C? Item Annual Usage

Problem 1. Develop an ABC graph for the data in the table below. Which items should be classified A, B, and C?

Item Annual Usage Unit cost (in dollars)
1 20,000 20
2 23,000 10
3 20,000 3
4 30,000 2
5 5,000 10
6 10,000 7
7 1,000 30
8 2,000 15
9 3,000 10
10 5,000 6

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