Ralph Janaro simply does not have time to analyze all of the items in his company's inventory. As
Question: 36 Ralph Janaro simply does not have time to analyze all of 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.
| XX1 | 5.84 | 1,200 |
| B66 | 5.40 | 1,110 |
| 3CP0 | 1.12 | 896 |
| 33CP | 74.54 | 1,104 |
| R2D2 | 2.00 | 1,110 |
| RMS | 2.08 | 961 |
(a) Find the total amount spent on each item during the year. What is the total investment for all of these?
(b) Find the percentage of the total investment in inventory that is spent on each item.
(c) Based on the percentages in part (b), which item(s) would be classified in categories A. B, and using ABC analysis?
(d) Which item(s) should Ralph most carefully control using quantitative techniques?
Price: $2.99
See Solution: The solution consists of 2 pages
Deliverable: Word Document
Deliverable: Word Document
-
[Solved] Georgia Products offers the following discount schedule for its 4-by-8-foot sheets of good-qualit #13080
-
(See Solution) The Outdoor Furniture Corporation manufactures two products, benches and picnic tables for use in ya #10264
-
(See Solution) Acme Co. is planning an advertising campaign for their new product. Three commercials have been prod #26762
-
(See Solution) Fisk Corporation is trying to improve its inventory control system and has installed an on-line comp #5638
-
Math and Statistics Calculator
-
Step-by-Step Math Solutions
