Cost Report, Value Added and Non-Value Added Costs SP 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 20x1 are as follows: Activities Activity Driver SQ AQ Purchasing parts Purchase orders 3,800 4,930 $245 Receiving parts Receiving orders 7,600 10,200 Moving parts Number of moves 3,700 Setting up equipment Setup hours 0 9,900 305 The actual prices paid per unit of each activity driver were equal to the standard prices. 315 0 320 Required: 1. 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". Actual Sanford, Inc. Value- and Non-Value Added Cost Report For the Year Ended December 31, 20x1 Value Added Non-Value Added Purchasing parts Receiving parts Moving parts Setting up equipment Total 2. Which activities are non-value-added? Moving parts and Setting up equipment Purchasing parts Receiving parts