L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation...
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L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte 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.)
Item Code Avg. Inventory (units) Value ($/unit) Dollar Volume % of Dolla Volume 1289 380 3.25 ? ? 2347 300 4.00 1,200 39.09 2349 120 2.50 300 9.77 2363 60 1.30 ? ? 2394 60 1.75 105 3.42 2395 30 1.75 ? ? 6782 20 1.15 23 0.75 7844 12 2.05 25 0.80 8210 10 2.00 ? ? 8310 7 2.00 14 0.46 9111 6 3.0018 0.59
Total under Dollar Volume = 3,070
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