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Non-Value-Added Activities: Non-Value-Added Cost Thayne Company has 39 derks that work...

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Accounting

Non-Value-Added Activities: Non-Value-Added Cost
Thayne Company has 39 derks that work in its Accounts Payable Department. A study revealed the following activities and the relative time dernanded by each activity:
Activities
Percentage of Clerical Time
Comparing purchase orders and receiving orders and invoices
13%
Resolving discrepancies among the three documents
Preparing checks for suppliers
Making journal entries and mailing checks
72
The average salary of a clerk is $40,300.
Required:
Classify the four activities as value-added or non-value-added, and calculate the clerical cost of each activity.
Comparing documents
Resolving discrepancies
Preparing checks
Mailing checks
image

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