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Applying the Concepts Assume that Medco, Inc. had the following Nonvalue-Added Costs reported in Year 1: four activities: 1. Prepare a trend report for non-value-added costs by completing the following table: 2. For value-added activities, the non-value-added component is from using too much of the activity, is the result of improving activity efficiency. For non-value-added activities, is the ultimate objective. activities being considered. The: (Round your answer to two decimal places.) savings per unit of product Medco to match or beat the competitor's price reduction without changing the unit profi margin. the effect on the grinding activity were met. Required: 1a. The maintenance standard per batch at the beginning of August (for grinding') hours 1b. Expected grinding cost (per batch) on August 1: 1c. Kaizen standard, August 1 : hours per batch 1d. Expected cost (Kaizen), August 1: ? 2. Assume that a 20 percent reduction in time for grinding was achieved in August. After determining that this reduction is sustainable, the maintenance subcycle would be revised as follows: 2a. New maintenance standard per batch, end of August (for grinding): hours 2b. Expected grinding cost: (Round your answer to one decimal place.)