Lionel, Inc., has developed ideal standards for four activities: labor, materials, inspection, and receiving. Information is as follows:

Activity	Activity Driver	SQ	AQ	SP
Labor	Hours	500	550	$ 32
Materials	Pounds	2,000	2,500	48
Inspection	Inspection hours	0	375	22
Receiving	Orders	60	75	800

The actual prices paid per unit of each activity driver were equal to the standard prices. Required: Complete the following cost report:

Activity	Value-Added	Non-value-Added	Actual
Labor	$	$	$
Materials	$	$	$
Inspection	$	$	$
Receiving	$	$	$
Totals	$	$	$

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