Homework Help is Here – Start Your Trial Now!
Business
Operations Management
A company does an ABC analysis of its inventory and lates that out of 5000 items, 22% can be classified as A , 33% as B items, and the remainder as C items. A

A company does an ABC analysis of its inventory and lates that out of 5000 items, 22% can be classified as A , 33% as B items, and the remainder as C items. A

Practical Management Science
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
See similar textbooks
icon
Related questions
Question

Please solve and explain how you found the answer

 

13.9. A company does an ABC analysis of its inventory and calculates that out of 5000 items, 22% can be classified as A items, 33% as B items, and the remainder as C items. A decision is made that A items are to be cycle counted once a month, B items every three months, and C items twice a year. Calculate the total counts and the counts per day by classification. The company works five days per week and 50 weeks per year. Classification A B C Number of Items Total counts per year Workdays per year Total counts per day Count Frequency per Year Number of Counts per Year % of Total Counts Counts per Day
Transcribed Image Text:13.9. A company does an ABC analysis of its inventory and calculates that out of 5000 items, 22% can be classified as A items, 33% as B items, and the remainder as C items. A decision is made that A items are to be cycle counted once a month, B items every three months, and C items twice a year. Calculate the total counts and the counts per day by classification. The company works five days per week and 50 weeks per year. Classification A B C Number of Items Total counts per year Workdays per year Total counts per day Count Frequency per Year Number of Counts per Year % of Total Counts Counts per Day
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, operations-management and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Practical Management Science
Practical Management Science
Operations Management
ISBN:
9781337406659
Author:
WINSTON, Wayne L.
Publisher:
Cengage,
Operations Management
Operations Management
Operations Management
ISBN:
9781259667473
Author:
William J Stevenson
Publisher:
McGraw-Hill Education
Operations and Supply Chain Management (Mcgraw-hi…
Operations and Supply Chain Management (Mcgraw-hi…
Operations Management
ISBN:
9781259666100
Author:
F. Robert Jacobs, Richard B Chase
Publisher:
McGraw-Hill Education
Business in Action
Business in Action
Operations Management
ISBN:
9780135198100
Author:
BOVEE
Publisher:
PEARSON CO
Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
Operations Management
ISBN:
9781285869681
Author:
Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher:
Cengage Learning
Production and Operations Analysis, Seventh Editi…
Production and Operations Analysis, Seventh Editi…
Operations Management
ISBN:
9781478623069
Author:
Steven Nahmias, Tava Lennon Olsen
Publisher:
Waveland Press, Inc.
SEE MORE TEXTBOOKS