Based on the data, prepare a cost report that shows value-added costs, non-value-added costs, and total...
Based on the data, prepare a cost report that shows value-added costs, non-value-added costs, and total costs for each activity
Assembly: Standard Quantity, 10,000 units; Actual Quantity, 15,000 units; Standard Price, $20 Storing: Standard Quantity, zero units; Actual Quantity, 80,000 units; Standard Price, $10
Homework Answers
ANSWER:
| Activity | Value added costs | non - value added costs | total costs |
|---|---|---|---|
| Assembly |
10000 x $20 = $200000 |
(15000 - 10000) x $20 = $100000 |
$300000 |
| Storing | 0 |
80000 x $10 = $800000 |
$800000 |
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