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Prepare report that lists the value-added costs

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Reference no: EM132559212

Acme Company has developed value-added standards for four activities: purchasing, labor, materials, and maintenance. The activities, the activity drivers, the value-added and actual quantities, and the price standards are given below for 2019:

Activity          Driver          Std quality          Actual Quality              std price

Purchasing     orders             100                      125                    $350

labour          labour hours      10000                  17500                  $10

materials        kilograms         150000                 198000              $0.10

Maintenance    Machine hrs       25000                   33000                 $1.50

The actual prices paid per unit of each activity driver were equal to the standard prices.

Required:

Question 1. Prepare report that lists the value-added costs, non value-added costs, and the actual costs for each activity.

Question 2. Explain each reported non-value-added activity

Reference no: EM132559212

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