Problem Set #9-Michael Ashley.pdf - Student Date Instructor Michael Ashley Course BUS 140 \u00ad OM \u00ad Fall 2019 Assignment Problem Set#9 1 One use of

# Problem Set #9-Michael Ashley.pdf - Student Date Instructor...

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1. 2. 3. 4. Student: _____________________ Date: _____________________ Instructor: Michael Ashley Course: BUS 140 ­ OM ­ Fall 2019 Assignment: Problem Set #9 One use of inventory is A. to provide a hedge against inflation. B. to ensure that item cost is maximized. C. to tightly synchronize production and distribution processes. D. to tightly synchronize a firm's production with its customers' demand. The objective of inventory management is to A. decouple various parts of the production process. B. strike a balance between inventory investment and customer service. C. provide a selection of goods for anticipated customer demand. D. take advantage of quantity discounts. Which of the following is NOT a type of inventory? A. work­in­process B. finished goods C. raw material D. MRP Which of the following types of inventory describes inventory that has been purchased but not processed? A. maintenance/repair/operating supply inventory B. work­in­process inventory C. raw material inventory D. finished­goods inventory
5. (1) C B A (2) B C A (3) C B A L. Houts Plastics is a large manufacturer of injection­molded 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.) L. Houts Plastics Charlotte Inventory Levels Item Code Avg. Inventory (units) Value (\$/unit) Dollar Volume % of Dollar Volume 1289 420 3.25 2347 300 4.00 1,200 37.11 2349 120 2.50 300 9.28 2363 60 1.80 2394 60 1.75 105 3.25 2395 25 2.25 6782 20 1.15 23 0.71 7844 12 2.05 25 0.76 8210 10 2.00 8310 7 2.00 14 0.43 9111 6 3.00 18 0.56 3,234

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