Prepare cost report that lists value-added costs

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Reference no: EM13949779

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:

Activities Activity Driver SQ AQ SP

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.

Required

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.

Reference no: EM13949779

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