Question: What is the annual dollar volume for all items? ______ (round your response to two decimal places) What is the highest dollar volume percentage? _____
What is the annual dollar volume for all items? ______ (round your response to two decimal places)
What is the highest dollar volume percentage? _____ (round your response to two decimal places)
Based on the percentage of dollar volume, item A2 should be classified as ____
Item F3 should be classified as ___
Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you, a recent OM graduate, to divide these items into ABC classifications. Fill in the blanks and then answer the following questions. (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Dollar Annual Demand Cost/Unit Volume % of Total Dollar Volume Item A2 50 3500 4000 B8 12 48,000 67,500 4.69 6.60 C7 1500 45 D1 6000 E9 1000 20,000 1.96 20 20 500 1500 F3 500 G2 200 300,000 12,000 29.34 1.17 H2 600 20 15 1750 10 J8 2500 5 12,500 1.22 3Step by Step Solution
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