Homework Help is Here – Start Your Trial Now!
Business
Operations Management
Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three​ categories: those that will be delivered daily from their supplier​ (Class A​ items), those that will be controlled using a continuous review system​ (B items), and those that will be held in a two bin system​ (C items).   The following table shows the annual dollar usage for a sample of eight SKUs. Fill in the blanks for annual dollar usage below. ​(Enter your responses rounded to the nearest whole​ number.)                                                                        SKU Unit Value Demand​ (units) Annual Dollar Usage 1 ​$0.25 65,000 ​$nothing 2 ​$0.80 400 ​$nothing 3 ​$4.50 900 ​$nothing 4 ​$1.30 200 ​$nothing 5 ​$0.01 1,300 ​$nothing 6 ​$0.55 80 ​$nothing 7 ​$1.00 35,000 ​$nothing 8 ​$0.03 115,000 ​$nothing

Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three​ categories: those that will be delivered daily from their supplier​ (Class A​ items), those that will be controlled using a continuous review system​ (B items), and those that will be held in a two bin system​ (C items).   The following table shows the annual dollar usage for a sample of eight SKUs. Fill in the blanks for annual dollar usage below. ​(Enter your responses rounded to the nearest whole​ number.)                                                                        SKU Unit Value Demand​ (units) Annual Dollar Usage 1 ​$0.25 65,000 ​$nothing 2 ​$0.80 400 ​$nothing 3 ​$4.50 900 ​$nothing 4 ​$1.30 200 ​$nothing 5 ​$0.01 1,300 ​$nothing 6 ​$0.55 80 ​$nothing 7 ​$1.00 35,000 ​$nothing 8 ​$0.03 115,000 ​$nothing

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
Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three​ categories: those that will be delivered daily from their supplier​ (Class A​ items), those that will be controlled using a continuous review system​ (B items), and those that will be held in a two bin system​ (C items).
 
The following table shows the annual dollar usage for a sample of eight SKUs. Fill in the blanks for annual dollar usage below. ​(Enter your responses rounded to the nearest whole​ number.)
                                                                      
SKU
Unit Value
Demand​ (units)
Annual Dollar Usage
1
​$0.25
65,000
​$nothing
2
​$0.80
400
​$nothing
3
​$4.50
900
​$nothing
4
​$1.30
200
​$nothing
5
​$0.01
1,300
​$nothing
6
​$0.55
80
​$nothing
7
​$1.00
35,000
​$nothing
8
​$0.03
115,000
​$nothing
 
Enter your answer in the edit fields and then click Check Answer.
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Introduction to Quality management
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