Problem 8.1.
The details of material stocked in a company are given below with the unit cost and the an consumption in Rs. Classify the material in to Aclass, Bclass and Cclass by ABCanalysis. S.No. Item Code No. Annual consumption in pieces Unit price in Paise.
1 501 30,000 10
2 502 2,80,000 15
3 503 3,000 10
4 504 1,10,000 05
5 505 4,000 05
6 506 2,20,000 10
7 507 15,000 05
8 508 80,000 05
9 509 60,000 15
10 510 8,000 10