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Please solve correctly each part. Cost Report, Value Added and Non-Value Added Costs Sanford, Inc., has developed value-added standards for four activities: purchasing parts, receiving
Please solve correctly each part.
Cost Report, Value Added and Non-Value Added Costs Sanford, Inc., has developed value-added standards for four activities: purchasing parts, receiving parts, moving parts, and setting up equipment. The activities, the activity drivers, the standard and actual quantities, and the price standards for 20x1 are as follows: Activities Activity Driver SQ AQ SP Purchasing parts Purchase orders 2,900 4,180 $180 Receiving parts Receiving orders 5,800 7,800 130 Moving parts Number of moves 0 1,300 155 Setting up equipment Setup hours 0 9,500 365 The actual prices paid per unit of each activity driver were equal to the standard prices. Required: 1. Prepare a cost report that lists the value-added, non-value-added, and actual costs for each activity. If an amount is zero, enter "0". Sanford, Inc. Value- and Non-Value Added Cost Report For the Year Ended December 31, 20x1 Value Added Non-Value Added Purchasing parts $ Receiving parts Actual Moving parts Setting up equipment L Total Feedback
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