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	Activity Driver	SQ	AQ	SP
Purchasing parts	Purchase orders	1,700	3,480	$300
Receiving parts	Receiving orders	3,400	5,800	370
Moving parts	Number of moves	0	3,600	350
Setting up equipment	Setup hours	0	7,900	350

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".