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Cost Report, Value-Added and Non-Value-Added Costs The actual prices paid per unit of each...

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Accounting

Cost Report, Value-Added and Non-Value-Added Costs
The actual prices paid per unit of each activity driver were equal to the standard prices.
Required:
Prepare a cost report that lists the value-added, non-value-added, and actual costs for each activity. If an amount is zero, enter "0".
Sanford, Inc.
Value- and Non-Value-Added Cost Report
For the Year Ended December 31,20x1
Value-Added Non-Value-Added Actual
Feedback
TCheck My Work
Value-added costs =SQ(Standard Quantity) SP (Standard Price)
Non-value-added costs (Actual Quantity)-SQ
Which activities are non-value-added?
Moving parts and Setting up equipment
Feedback
r Check My Work
Non-value-added activities are unnecessary and are not valued by internal or external customers.
Feedtasck
r Check My Work
Partially correct
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