Cost Report, Value-Added and Non-Value-Added Costs 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 Purchasing parts Receiving parts Moving parts Setting up equipment Activity Driver SQ AQ SP Purchase orders Receiving orders Number of moves Setup hours 1,300 2,770 $325 2,600 5,500 150 0 9,400 0 1,400 355 145 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. If an amount is zero, enter "0". Sanford, Inc. Value- and Non-Value-Added Cost Report For the Year Ended December 31, 20x1 Purchasing parts Receiving parts Moving parts Setting up equipment Total Value-Added 2. Which activities are non-value-added? Non-Value-Added Actual