IS Weygandt, Managerial Accounting, 8e CALCULATOR PRINTER VERSION BACK NEX 1.38 0.47 Lasso and Markowitz is a law firm that is initiating an activity-based costing system. Sam Lasso, the senior partner and strong supporter of ABC, has prepared the following list of activities performed by a typical attorney in a day at the firm. Classify each of the activities listed by Sam Lasso as value-added or non-value-added. Activities Hours Writing contracts and letters Non-value-added Attending staff meetings Value-added Taking depositions 0.95 Doing research 1.07 Traveling to/from court Contemplating legal strategy 0.99 Eating lunch 0.95 1.07 Litigating a case in court 2.27 Entertaining a prospective client 1.47 How much was value-added time? (Round answer to 2 decimal places, e.g. 2.13.) Value-added time How much was non-value-added time? (Round answer to 2 decimal places, e.g. 2.13.) hours Non-value-added hours