Cost Report, ValueAdded and NonValueAdded Costs
The actual prices paid per unit of each activity driver were equal to the standard prices.
Required:
Prepare a cost report that lists the valueadded, nonvalueadded, and actual costs for each activity. If an amount is zero, enter
Sanford, Inc.
Value and NonValueAdded Cost Report
For the Year Ended December x
ValueAdded NonValueAdded Actual
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Valueadded costs Standard Quantity SP Standard Price
Nonvalueadded costs Actual Quantity
Which activities are nonvalueadded?
Moving parts and Setting up equipment
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Nonvalueadded activities are unnecessary and are not valued by internal or external customers.
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Partially correct
