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Willson Company has developed value-added standards for four activities: purchas- ing parts, assembling parts, administering parts, and inspecting parts. The activities, the activity driver, the standard and actual quantities, and the price standards follow for 2005:
Purchasing parts
Orders
1,500
2,100
$300
Assembling parts
Labor hours
180,000
199,500
12
Administering parts
Number of parts
18,000
25,800
110
Inspecting parts
Inspection hours
0
75,000
15
The actual prices paid per unit of each activity driver were equal to the standard prices.
1. Prepare a cost report that lists the value-added costs, non-value-added costs, and actual costs for each activity.
2. Which activities are non-value-added? Explain why. Explain why value-added activities can have non-value-added costs.
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