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...

This preview shows page 1 - 3 out of 5 pages.

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
Image of page 1
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
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 5 pages?

  • Fall '09

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern

Stuck? We have tutors online 24/7 who can help you get unstuck.
A+ icon
Ask Expert Tutors You can ask You can ask You can ask (will expire )
Answers in as fast as 15 minutes
A+ icon
Ask Expert Tutors