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2. There are four employees in the welding department. Three employees are responsible for welding a rod to a cylindrical plate, creating a sub assembly used in the production of pistons. The fourth employee inspects the completed sub assembly and, if necessary, grinds and removes any unnecessary bumps (protuberances) so that the sub assembly becomes usable (which occurs in approximately one-third of the cases because of less than efficient welding). The welders are each paid a salary of $50,000. The fourth employee, who is responsible for inspecting and grinding, is paid a salary of $40,000. 1. Calculate the following: Value-added cost: $X Non-value-added cost: $X 1. Prepare a cost report for the year 1 ended that shows value-added costs, non-value-added costs, and total costs for each activity by completing the following table: Value-and Non-Value-Added Cost Report for the Year 1 Ended 2. Inspection and grinding are non-value-added activities because inspection is a activity and grinding is a activity. 3. Purchasing is a step-fixed cost with each step being 2,000 hours. Suppose that the efficiency of purchasing is increased so that the demand for the purchasing actity is 31 hours. What is the reduction in the cost achieved by the increased efficiency? Reduction: 2. There are four employees in the welding department. Three employees are responsible for welding a rod to a cylindrical plate, creating a sub assembly used in the production of pistons. The fourth employee inspects the completed sub assembly and, if necessary, grinds and removes any unnecessary bumps (protuberances) so that the sub assembly becomes usable (which occurs in approximately one-third of the cases because of less than efficient welding). The welders are each paid a salary of $50,000. The fourth employee, who is responsible for inspecting and grinding, is paid a salary of $40,000. 1. Calculate the following: Value-added cost: $X Non-value-added cost: $X 1. Prepare a cost report for the year 1 ended that shows value-added costs, non-value-added costs, and total costs for each activity by completing the following table: Value-and Non-Value-Added Cost Report for the Year 1 Ended 2. Inspection and grinding are non-value-added activities because inspection is a activity and grinding is a activity. 3. Purchasing is a step-fixed cost with each step being 2,000 hours. Suppose that the efficiency of purchasing is increased so that the demand for the purchasing actity is 31 hours. What is the reduction in the cost achieved by the increased efficiency? Reduction