[Solution Library] Ralph Janaro simply does not have time to analyze all the items in his company’s inventory. As a young manager, he has more important things to
Question: Ralph Janaro simply does not have time to analyze all the items in his company’s inventory. As a young manager, he has more important things to do. The following is a table of six items in inventory along with the unit cost and the demand in units.
| IDENTIFICATION CODE |
UNIT COST
($) |
DEMAND
IN UNITS |
| XX1 | 5.84 | 1,200 |
| B66 | 5.40 | 1,110 |
| 3CPO | 1.12 | 896 |
| 33CP | 74.54 | 988 |
| R2D2 | 4.80 | 1,257 |
| RMS | 2.08 | 961 |
- Find the total amount spent on each item during the year. What is the total investment for all these?
- Find the percentage of the total investment in inventory that is spent on each item.
- Based on the percentages in part (b), which item(s) would be classified in categories A, B, and C using ABC analysis?
- Which item(s) should Ralph most carefully control using quantitative techniques?
- How low would the demand for 33CP have to before it change to a different category?
Deliverable: Word Document 
![[See Solution] The marginal loss on Washington](/images/solutions/MC-solution-library-74184.jpg "[See Solution] The marginal loss on Washington Reds, a brand of")
[See Solution] The marginal loss on Washington Reds, a brand of
![[Solution] Paula Shoemaker produces a weekly stock](/images/solutions/MC-solution-library-74185.jpg "[Solution] Paula Shoemaker produces a weekly stock market report")
[Solution] Paula Shoemaker produces a weekly stock market report
Solution: The Webster Manufacturing Company produces a popular
(Solved) The famous Y. S. Chang Restaurant is open 24 hours a
![[Solved] The Arden County, Maryland, superintendent of](/images/solutions/MC-solution-library-74188.jpg "[Solved] The Arden County, Maryland, superintendent of education")
[Solved] The Arden County, Maryland, superintendent of education
Chi-Square Distribution Calculator - MathCracker.com