Which of the following are the recommended percentage groupings of the ABC classifications of the dollar volume of products?
A. A items get 25 percent, B items get 15 percent, and C items get 60 percent.
B. A items get 15 percent, B items get 45 percent, and C items get 40 percent.
C. A items get 15 percent, B items get 35 percent, and C items get 50 percent.
D. A items get 20 percent, B items get 30 percent, and C items get 50 percent.
E. A items get 25 percent, B items get 35 percent, and C items get 40 percent.
Answer: C
You might also like to view...
Discuss actual costing, normal costing, and standard costing
An order for relief in a bankruptcy proceeding amounts to a discharge of the debts of the party petitioning for bankruptcy protection.?
Indicate whether the statement is true or false
What is the difference between an agreement and a contract?
A) An agreement results whenever two people's minds meet on a subject, but a contract only exists when the parties intend to be legally obligated by the terms of the agreement. B) An agreement must be put in writing, whereas a contract may be made orally. C) An agreement is binding for a shorter period of time than a formal contract. D) An agreement may be made for an unlawful purpose, whereas a contract must be made for a lawful purpose.
The monetary policy of the Federal Reserve System (the Fed) has very little to do with the changes in interest rates a consumer will experience
Indicate whether the statement is true or false.