Sanford inc has developed value-added standards for four

Reference no: EM13572537

Sanford, Inc., has developed value-added standards for four activities: purchasing parts, receiving parts, moving parts, and setting up equipment. The activities, the activity drivers, the

standard and actual quantities, and the price standards for 2013 are as follows:
Activities Activity Driver SQ AQ SP
Purchasing parts Purchase orders 2,600 3,640 $300
Receiving parts Receiving orders 5,200 7,800 195
Moving parts Number of moves 0 2,600 390
Setting up equipment Setup hours 0 10,400 117
The actual prices paid per unit of each activity driver were equal to the standard prices.

Required:

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

activity.

2. Which activities are non-value-added? Explain why. Also, explain why value-added activities can have non-value-added costs.

Reference no: EM13572537

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