Part 1 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.) For the following three questions, consider only items 1289, 2349,8210 from the above table for relative classification (these are some of the items for which you computed the metrics) A) Based on the percentages of follar colume, item number 1289 should be classified as _ (A,B,C) B) Item number 2349 should be classified as _ (A,B,C) c) Item number 8210 should be classified as _ (A.B, C)

Practical Management Science
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ISBN:9781337406659
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Part 1 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.) For the following three questions, consider only items 1289, 2349,8210 from the above table for relative classification (these are some of the items for which you computed the metrics) A) Based on the percentages of follar colume, item number 1289 should be classified as _ (A,B,C) B) Item number 2349 should be classified as _ (A,B,C) c) Item number 8210 should be classified as _ (A.B, C) 
n
Item
Code
Avg.
Inventory (units)
Value
($/unit)
L. Houts Plastics Charlotte Inventory Levels
% of Dollar
Volume
Dollar
Volume
1289
400
3.50
2347
300
4.00
1,200
36.79
2349
120
2.50
300
9.20
2363
60
1.30
2394
60
1.75
105
3.22
2395
35
2.25
6782
7844
12
8210
10
8310
9111
22076
1.15
23
0.71
2.05
25
0.75
2.00
2.00
14
0.43
3.00
18
0.55
3,261
Transcribed Image Text:n Item Code Avg. Inventory (units) Value ($/unit) L. Houts Plastics Charlotte Inventory Levels % of Dollar Volume Dollar Volume 1289 400 3.50 2347 300 4.00 1,200 36.79 2349 120 2.50 300 9.20 2363 60 1.30 2394 60 1.75 105 3.22 2395 35 2.25 6782 7844 12 8210 10 8310 9111 22076 1.15 23 0.71 2.05 25 0.75 2.00 2.00 14 0.43 3.00 18 0.55 3,261
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