CraftWare Inc., a furniture manufacturer, uses ABC analysis to define its inventory value. The inventory contains wood, cast iron, adhesive, and carbon fiber. If wood accounts for 50 percent of the items and 9 percent of the total dollar value; carbon fiber accounts for 12 percent of the items and 15 percent of the total dollar value; cast iron accounts for 20 percent of the items and 16 percent of the total dollar value; and adhesive accounts for 18 percent of the items and 60 percent of the total dollar value, _____ can be classified as a class C item.
a. wood b. adhesive c. cast iron d. carbon fiber

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14-12-2022
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CraftWare Inc., a furniture manufacturer, uses ABC analysis to define its inventory value. The inventory contains wood, cast iron, adhesive, and carbon fiber. If wood accounts for 50 percent of the items and 9 percent of the total dollar value; carbon fiber accounts for 12 percent of the items and 15 percent of the total dollar value; cast iron accounts for 20 percent of the items and 16 percent of the total dollar value; and adhesive accounts for 18 percent of the items and 60 percent of the total dollar value, _____ can be classified as a class C item.
a. wood b. adhesive c. cast iron d. carbon fiber

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Tundexi Tundexi · Answer 1 · 2022-12-20T13:34:22+01:00

If the wood accounts for 50 percent of the items and 9 percent of the total dollar value, then, the wood can be classified as a class C item. The Option A is correct.

What is a class C item?

In inventory, the class C Inventory Items tend to make up about 50%- to 70% of inventory stock keeping units (SKUs) but only account for approximately 5% of total annual spend.

Also, the Class C items tend to cost very little but are consumed in high volume. Examples of these items include fasteners, springs, retainer rings, stampings, literature etc.

However, it is very important to note that the C items can also be more expensive items that are rarely used. An example of high-cost C item would be a $700 sub-assembly used only 5 times a year.