Perform ABC analysis for the following products: Item Volume (units/ year) Cost ($/unit) Annual $ Volume A 700 1 700 B 70 15 1050 C 965 4 3860 D 514 5 2570 E 20 15 300 F 770 32 24640 G 608 29 17632 H 513 2 1026 I 578 10 5780 J 199 2 398 57956 please, try to explain how can get...

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General Management

Perform ABC analysis for the following products:
Item
Volume
(units/ year)
Cost
($/unit)
Annual $
Volume
A
700
1
700
B
70
15
1050
C
965
4
3860
D
514
5
2570
E
20
15
300
F
770
32
24640
G
608
29
17632
H
513
2
1026
I
578
10
5780
J
199
2
398
57956
please, try to explain how can get the answer without usedexcel

Answer & Explanation Solved by verified expert

4.1 Ratings (714 Votes)

Total Annual Value 57956 Total unitsyear 4937 Let us now calculate the contribution of each item to Annual Vaule Annual Value of itemTotal Annual Value A 70057956 121 B 181 C 666 D 443 E 052 F 4252 G 3042 H See Answer

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Item	Volume (units/ year)	Cost ($/unit)	Annual $ Volume
A	700	1	700
B	70	15	1050
C	965	4	3860
D	514	5	2570
E	20	15	300
F	770	32	24640
G	608	29	17632
H	513	2	1026
I	578	10	5780
J	199	2	398
			57956