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 ▼
Q: Disuss five benefits of corporate social responsibility.
A: The objective of this question is to understand the benefits that a corporation can derive from…
Q: Manceville Air has just produced the first unit of a large industrial compressor that incorporated…
A: Find the given details below:
Q: Read the scenario below and answer the questions that follow: Sisal is an abundantly available…
A: Outsourcing allows businesses to get work done at a lower cost, and it ensures consistent and…
Q: University of Florida football programs are printed 1 week prior to each home game. Attendance…
A: To find:The stockout risk for the order size of programs.Given:Selling price for each program The…
Q: should all organisations have a department dedicated to sustainable supply chain management?…
A: All organizations can have a dedicated demand for sustainable supply chain management, however,…
Q: The desired distance for Flextronchip customers is 0.4 mm between two adjacent pins. Any deviation…
A: Find the given details below:
Q: Case Study: Strategic Workforce Planning at Dutch Railway Infrastructure Manager- ProRail Traffic…
A: Strategic Workforce Planning is a systematic process that ensures that the workforce is in sync with…
Q: Which validation and reliability constructs can you employ in the qualitative research about…
A: The objective of the question is to identify the validation and reliability constructs that can be…
Q: m still has the four sensitive integrated circuits controlling the temperature, but the new machine…
A: System reliability helps the organization in reducing the cost of maintaining a system. By…
Q: In the lodging industry, room usage and room availability will be forecast by individual room type…
A: Forecast involves making a prediction or estimation of what may happen in the future using past…
Q: 8. An acquaintance in marketing has requested your help in pricing the Spider Cider product the…
A: Marketing involves a complex set of activities, including the development, presentation,…
Q: b. Identify the critical path. The critical path is -Select- c. What is the total project completion…
A: ActivityPredecessorsNormal TimeCrash TimeNormal CostCrash…
Q: What is the risk of relying too heavily on the typical profiles of international negotiators? Is…
A: An international negotiator specifies an individual or person that is included in the process of…
Q: Define Forward looking system along with an example
A: Decision analysis is the aspect of management that includes the formalized and structured approach…
Q: Apples are prepared in a process with two resources. The first resource has a capacity of 2.1 apples…
A: "In a powerful apple handling framework, apples go through a fastidious readiness process including…
Q: Analyze the elements forming an organization's task environment, paying particular attention to the…
A: The organizational environment constitutes the surroundings, conditions, and influences that impact…
Q: Q.4 What is a distribution plan? How to develop it?
A: Business objectives help a company aims to achieve to achieve the objective of a business…
Q: MITIGATING SUPPLYCHAIN RISKS TO IMPROVE COMPETITIVENESS With the increasing sophistication of supply…
A: The objective of this question is to understand the impact of wars on the sustainability and…
Q: How would someone who values friendship above all else make different decisions than someone who…
A: Decision-making is the aspect of management that includes the approach of selecting or choosing the…
Q: Explain customer experience management system Explain experience of Starbucks. Added to cart
A: Management specifically the art of doing things by others Every organization has its management for…
Q: What resources are available to complete a needs assessment? How is the scope of evaluation affected…
A: A needs assessment is a systematically developed method of discovering and analyzing differences…
Q: i can I get help on this please? I am stuck!! Question: lumber and plywood. In a given week, the…
A: LumberPlywoodProfit2538Quantity Produced 11400Quantity Required 10100Quantity Required 01150
Q: he grocery industry has an annual inventory turnover of about 14 times Organic Grocers, Inc., had a…
A: Inventory turnover helps the organization assess the effectiveness of inventory management, ensuring…
Q: • Redo the Pareto diagram with the after (Use Figure 18-4 as a guide. page 222) • Comment on the…
A: A Pareto chart, named after the Italian economist Vilfredo Pareto, is a visual tool used for…
Q: Hi, question : from where we got "0,577" ? size 5=0.577
A: A control chart provides a graphical representation of how a process varies and whether it is within…
Q: Can you answer E, F & G
A: Given:Daily demand (d) = 75 poundsHolding Cost (H) = $3Standard Deviation (σ) = 15 pounds per…
Q: "There is a short-term and frequent representation of Mental health Patients in emergency…
A: A Health Organization is an institution or a company aimed at supporting the health of people and…
Q: Limit global warming. Global warming above 2°C will cause dangerous and irreversible impacts that…
A: The Global Climate Harmony Initiative emerged as a beacon of hope in an era of environmental…
Q: DataSpan, Inc., automated its plant at the start of the current year and installed a flexible…
A: ParticularMonth 1Month 2Month 3Month 4 Move time per unit0.40.30.40.4 Process time per…
Q: Please create a Lessons Learnt plan for the reconstruction of a playground
A: A Lessons Learnt Plan, also known as Lessons Learned, is a process used by project teams to capture…
Q: Importance of Human Resource Management (HRM) in Aviation.
A: The role of HRM in managing employees entails establishing performance targets, evaluating employee…
Q: The final stage on a production line for a repairableproduct comprises an old final test station…
A: The objective of the question is to calculate the change in cycle time when the old test station is…
Q: A certain task is expected to take 24 days.The employees in charge worked diligently on the task for…
A: Given data:Expected task duration = 24 daysActual work done = 3/4 of the taskTotal project duration…
Q: a) Discuss any FIVE (5) business environmental issues.
A: Business environmental issues encompass a wide range of challenges and concerns that organizations…
Q: Grave City is considering the relocation of several police substations to obtain better enforcement…
A: Find the given details below:
Q: Johnny Hó Manufacturing Company in Columbus, Ohio, is putting out four new electronic components.…
A: Manufacturing cost is the total cost of all assets consumed during the time spent making a…
Q: the project In a project with the following activities, determine the critical path and the duration…
A: PERT stands for Program Evaluation and Review Technique. It is a statistical tool, used in project…
Q: the project In a project with the following activities, determine the critical path and the duration…
A: PERT stands for Program Evaluation and Review Technique. It is a statistical tool, used in project…
Q: What is the main reason companies are placing importance on cross-cultural understanding?…
A: The question is asking about the primary reason why companies are emphasizing the importance of…
Q: what are the variables used solve for the parameters
A: Project management is a field in operations management that involves planning, organizing, and…
Q: A local distributor for a national tire company expects to sell approximately 9,720 tires of a…
A: The optimal order quantity is a critical concept in inventory management, and its importance lies in…
Q: Solve the following optimization model using Excel Solver. Please attach the Excel format please
A: Max Z = 18X1 + 25X2 + 21X3 + 1000X4 - 300X5St.16X2 + 21X3 >= 4003X1 + 8X3 >=160X55X2 <=…
Q: How can the scientific management principles proposed by Frederick Taylor be applied in your…
A: Scientific management principles, pioneered by Frederick Taylor, revolutionized organizational…
Q: The National State Bank is trying to make sure that they have enough tellers to handle the Friday…
A: Given data:Service rate (μ) = 5 minutes per customer = = 12 customers per hourTotal number of…
Q: 2 Factory 3 Available Units Each Month 4 6 Warehouse 7 Demand 10 Per unit shipping costs 12 13 14 15…
A: For this question, I will formulate the Excel spreadsheet model, Then, I will solve this model using…
Q: The CoolAire Company manufactures air conditioners that are sold to five different retail customers…
A: The cost of manufacturing and shipping a unit between each plant and warehouse and the fixed cost is…
Q: The Green Cab Company has a taxi waiting at each of four cabstands in Evanston, Illinois. Four…
A: The distances, in miles from the waiting taxis to the customers - Cab site CustomerABCDStand…
Q: a. Which of the following statements regarding setting up the tableau for the optimal solution for…
A: Here, we don't need any dummy columns or dummy rows, as the total supply is equal to the total…
Q: It has been calculated that the maximum number of setups that can be performed each day is 15. What…
A: Production management entails overseeing the processes involved in converting raw materials into…
Q: It takes Boeing 28,718 hours to produce the sixth 787 jet. The learning factor is 75%. Time required…
A: Find the given details below:
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
- 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.) Item Code 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Dollar Avg. Inventory (units) Volume 380 300 120 75 60 30 20 12 5 7 6 Value ($/unit) 3.75 4.00 2.50 1.50 1.75 2.25 1.15 2.05 1.60 2.00 3.00 1,200 300 105 23 25 14 18 3,298 % of Dollar Volume 36.39 9.10 3.18 0.70 0.75 0.42 0.55L. 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.) 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 Avg. Inventory (units) Value ($/unit) 3.75 420 300 120 60 60 322576 20 12 4.00 2.50 1.80 1.75 2.25 1.15 2.05 2.00 2.00 3.00 Dollar Volume 1,200 300 105 23 25 % of Dollar Volume 34.72 8.68 3.04 0.67 0.71 14 18 3,456 For the following three questions, consider only items 1289, 2349, and 8210 from the above table for relative classification (these are some of the items for which you computed the metrics).…L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item number 2349 should be classified as Item Code Item number 8210 should be classified as 1289 2347 2349 2363 2394 2395 6782 7844 8210 8310 9111 L. Houts Plastics Charlotte Inventory Levels Avg. Inventory (units) 380 300 120 70 POHONNO 60 25 20 12 5 7 Value ($/unit) 3,25 6 4.00 2.50 1.30 1.75 2.25 1.15 2.05 2.00 2.00 3.00 Dollar Volume 1,200 300 105 23 25 70 % of Dollar Volume 39.00 9.75 3.41 14 18 3,077 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…
- 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, and 8210from 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 .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)The following table contains figures on the monthly volume and unit costs for a random sample of 16 items from a list of 2,000 inventory items at a health care facility. Transcribed Image Text: Item Unit Cost Usage Item Unit Cost Usage K34 $10 200 F99 20 60 K35 25 600 D45 10 550 K36 36 150 D48 12 90 M10 16 25 D52 15 110 M20 20 40 08 200 D57 120 245 80 NO8 30 40 F14 20 300 PO5 16 500 F95 30 800 P09 10 30 a-Develop an A-B-C classification for these items. b-Given the monthly usages in the following table, classify the items in A, B, and C categories according to dollar usage. c- Determine the percentage of items in each category and the annual dollar value for each category for part b.
- Determine an A-B-C classification for these items: Which items are A, B, and C - explain how you derive the answers? Use a table or excel spreadsheet to illustrate your work. Item Unit Cost Annual Volume (000)1 300 252 90 303 30 604 50 105 15 706 100 407 10 60 Hint:Determine the Annual Dollar Value (Unit Cost * Annual Volume) for each item and the sum of the individual Annual Dollar Values. Arrange the items in descending order based on Annual Dollar Values. Then, determine the percentage of items and the percentage of…L. Houts Plastics is a large manufacturer of injection-molded plastics in North Carolina. An investigation of the company's manufacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification system? (Round dollar volume to the nearest whole number and percentage of dollar volume to two decimal places.) Item Code Avg. Inventory (units) Value ($/unit)1289 380 3.252347 300 4.002349 120 2.502363 70 1.302394 60 1.752395 25 1.756782 20 1.157844 12 2.058210 10…2. The following table contains figures on the monthly volume and unit costs for a random sampla et 16 items from a list of 2,000 inventory items at a health care facility: Unit Cost Usage Item Unit Cost Usage Item K34 $10 200 F99 20 60 К35 25 600 D45 10 550 K36 36 150 D48 12 M10 16 25 D52 15 110 M20 20 80 D57 40 120 Z45 80 200 N08 30 40 F14 20 300 P05 16 500 F95 30 800 P09 10 30 a. Develop an A-B-C classification for these items.
- Gringer’s Plastics provides plastic parts to the shipbuilding industry. They gathered the following information on their inventory. Based on this data, what products would be considered A class inventory? Product Unit Cost Volume 1 $ 12.50 11,200 2 $ 325.00 160 3 $ 9.75 23,786 4 $ 8.50 29,590 5 $ 175.60 80 6 $ 1,125.99 26 7 $ 756.25 41 8 $ 24.99 5,230 9 $ 109.25 98 10 $ 33.00 7,865 11 $ 6.75 3,489 12 $ 550.80 26 Group of answer choices A. 1, 3, 4, 10 B. 2, 3, 4, 8 C. 1, 2, 4, 7 D. 2, 4, 7Periodic Inventory Using FIFO, LIFO, and Weighted Average Cost Methods The units of an item available for sale during the year were as follows: 12 units at $47 Jan. 11 Aug. 13 20 units at $48 Nov. 30 $564 960 735 Avaliable for sale $2,259 There are 20 units of the item in the physical inventory at December 31. The periodic inventory system is used. Determine the inventory cost using the (a) first-in, first-out (FIFO) method; (b) last-sout (LIFO) method; and (c) weighted average cost method (round per-unit cost to two decimal places and your final answer to the nearest whole dollar). a First-in, first-out (FIFO) b. Last-in, first-out (LIFO) c. Weighted average cost Inventory Purchase Purchase 15 units at $49 47 units 1,284 XA clothing manufacturing company requires raw materials for 8 consecutive weeks as follows: 30, 40, 50, 35, 60, 30, 40, and 30 units with a one-time order cost of $50,000 and a storage fee of $500 per unit/week. From these data calculate the total cost of procurement using:a. Lot For Lot (LFL) Methodb. Economic Order Quantity (EOQ) Methodc. Period Order Quantity (POQ) Method Using this table format: Week 1 2 3 4 5 6 7 8 Gross requirements Schedule receipts Projected on hand Net requirements Planned order receipts Planned order releases