L. Houts Plastics Charlotte Inventory Levels Item Value Code Avg. Inventory (units) ($/unit) 1289 400...
60.1K
Verified Solution
Link Copied!
Question
Accounting
L. Houts Plastics Charlotte Inventory Levels Item Value Code Avg. Inventory (units) ($/unit) 1289 400 3.75 2347 300 4.00 2349 120 2.50 2363 75 1.80 2394 60 1.75 2395 35 2.00 6782 20 1.15 7844 12 2.05 8210 8 1.60 8310 7 2.00 9111 6 3.00 L. Houts Plastics is a large manufacturer of injection-moulded plastics in Ontario. An investigation of the company's manufacturing facility in Mississauga yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) : Click the icon to view the provided table. 3.75 Item Code 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Mississauga Inventory Levels Avg. Inventory Value Dollar % of Dollar Volume (units) ($/unit) Volume 400 1500 300 4.00 1,200 35.27 120 2.50 300 8.82 75 1.80 60 1.75 105 3.09 35 2.00 20 1.15 23 0.68 12 2.05 25 0.72 8 1.60 0 7 7 2.00 14 0.41 6 3.00 18 0.53 3,402
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
