In the past, Taylor Industries has used a P model to manage its inventory. It takes a complete inventory count of all items each month. However, increasing labor costs are forcing Taylor to switch to ABC system to reduce the labor costs in the stockroom. Here is a sample of 20 of Taylor's items. Please classify them into ABC systems. Item Number Annual usage ($) Item Number Annual usage ($) 1 1,500 11 13,000 12,000 12 600 3 2,200 13 42,000 4 50,000 14 9,900 9,600 15 1,200 6 750 16 10,200 2,000 17 4,000 8 11,000 18 61,000 9 800 19 3,500 10 15,000 20 2,900 Fill in the blank: If we put four items as Class A items, what are they? Item , Item Item , Item Please enter them in the order that their annual usage falls. If you do not put them in the right order, it will mark it as incorrect.
In the past, Taylor Industries has used a P model to manage its inventory. It takes a complete inventory count of all items each month. However, increasing labor costs are forcing Taylor to switch to ABC system to reduce the labor costs in the stockroom. Here is a sample of 20 of Taylor's items. Please classify them into ABC systems. Item Number Annual usage ($) Item Number Annual usage ($) 1 1,500 11 13,000 12,000 12 600 3 2,200 13 42,000 4 50,000 14 9,900 9,600 15 1,200 6 750 16 10,200 2,000 17 4,000 8 11,000 18 61,000 9 800 19 3,500 10 15,000 20 2,900 Fill in the blank: If we put four items as Class A items, what are they? Item , Item Item , Item Please enter them in the order that their annual usage falls. If you do not put them in the right order, it will mark it as incorrect.
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...
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Transcribed Image Text:In the past, Taylor Industries has used a P model to manage its inventory. It takes a complete inventory count of all items each month. However,
increasing labor costs are forcing Taylor to switch to ABC system to reduce the labor costs in the stockroom. Here is a sample of 20 of Taylor's items.
Please classify them into ABC systems.
Item Number
Annual usage ($)
Item Number
Annual usage ($)
1
1,500
11
13,000
2
12,000
12
600
3
2,200
13
42,000
14
50,000
14
9,900
9,600
15
1,200
6
750
16
10,200
2,000
17
4,000
8
11,000
18
61,000
9
800
19
3,500
10
15,000
20
2,900
Fill in the blank:
If we put four items as Class A items, what are they?
Item
Item
, Item
Item
Please enter them in the order that their annual usage falls. If you do not put them in the right order, it will mark it as incorrect.
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