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1. Goodyear, Inc., has developed ideal standards for four activities: labor, materials, inspection, and receiving. Information is as follows: Activity Labor Materials Inspection Receiving Activity

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1. Goodyear, Inc., has developed ideal standards for four activities: labor, materials, inspection, and receiving. Information is as follows: Activity Labor Materials Inspection Receiving Activity Driver Hours Pounds Inspection hours Orders SO 30,000 110,000 0 600 AQ 38,000 160,000 50,000 700 SP $11 10 7 450 The actual prices paid per unit of each activity driver were equal to the standard prices. Required: Complete the following cost report: Activity Value Added Non-value-Added Actual $ Labor $ $ Materials Inspection 03 OCTO Receiving $ Totals $ O

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