Financial and Managerial Accounting Homework Help

Identify the following as value-adding (V) or nonvalue-adding (NV).

1. Receiving 2. Storing raw materials 3. Moving materials 4. Working on product 5. Painting product 6 Packing and shipping 7. Engineering design of product 8. Storing finished goods 9. Moving products 10. Storing parts 11. Research and development 12. Inventory control 13. Production 14. Customer service 15. Cost accounting 16. Engineering Indicate each activity as unit level (UL), batch level (BL), product level (PL), or facility level (FL). a. Designing a new product b. Using direct materials c. Setting up equipment d. Maintaining a building e. Assembling the product f. Receiving raw materials g. Handling materials h. Cleaning up processing area