MANAGERIAL ECONOMICS: Perform an ABC Method of Inventory control in the case below. ITEM NO. PRICE...
MANAGERIAL ECONOMICS:
Perform an ABC Method of Inventory control in the case below.
| ITEM NO. | PRICE | PIECES | AMOUNT |
| 111 | P 50 | 1,000 | |
| 112 | 75 | 1,500 | |
| 113 | 90 | 2,000 | |
| 114 | 2,000 | 200 | |
| 115 | 5,000 | 150 | |
| 116 | 900 | 700 | |
| 117 | 700 | 600 | |
| 118 | 25 | 5,000 | |
| 119 | 10 | 9,000 |
Explain in detailed.
Homework Answers
First of all determine the annual usage by multiplying the price per unit by number of units. Then rank the items
Refer the attached picture below
Now arrange items on the basis of rank. Then determine the cumulative usage value. Then determine the percent of cumulative usage. Refer the attached picture below
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MANAGERIAL ECONOMICS:
Perform an ABC Method of Inventory control in the case
below.
ITEM NO.
PRICE...
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