For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number 1289 should be classified as Item number 2349 should be classified as Item number 8210 should be classified as ▼

Practical Management Science
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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
assify 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 number 2349 should be classified as
Item
Code
1289
2347
2349
2363
2394
2395
6782
7844
8210
8310
9111
Item number 8210 should be classified as
L. Houts Plastics Charlotte Inventory Levels
Value
($/unit)
3.75
4.00
2.50
1.50
1.75
2.00
1.15
2.05
1.80
2.00
3.00
Avg. Inventory (units)
400
300
120
18822
75
60
30
20
978
Dollar
Volume
6
1,200
300
105
23
25
O
% of Dollar Volume
35.59
8.90
14
18
3,372
For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics).
Based on the percentages of dollar volume, item number 1289 should be classified as
3.11
0.68
0.73
0.42
0.53
Transcribed Image Text:Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant assify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item number 2349 should be classified as Item Code 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 Item number 8210 should be classified as L. Houts Plastics Charlotte Inventory Levels Value ($/unit) 3.75 4.00 2.50 1.50 1.75 2.00 1.15 2.05 1.80 2.00 3.00 Avg. Inventory (units) 400 300 120 18822 75 60 30 20 978 Dollar Volume 6 1,200 300 105 23 25 O % of Dollar Volume 35.59 8.90 14 18 3,372 For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics). Based on the percentages of dollar volume, item number 1289 should be classified as 3.11 0.68 0.73 0.42 0.53
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