Problem
Using the following data, answer the 3 questions below: Item Unit Cost Annual Volume (00) 1 $100 25 2 80 30 3 15 60 4 50 10 5 11 70 6 60 85 7 10 60 (i) Perform A-B-C Classification on these items: (ii) Find the EOQ given this information: D= 4,500 units/year, S = $36, H = $10 unit per year (iii) Find the economic production quantity given this information: D = 18,000 units/year, S =$100, H = $40 per unit per year, p =120 units/day, and d = 90 units/day.