Homework Answers
Non-value-added cost Reworking = $ 7,40,000- $ 2,00,000 = $ 5,40,000
Purchasing Cost = $ 9,00,000- 4,50,000 = $ 4,50,000
The cost incurred in excess of the benchmark cost is the non-value added cost for the company. In the current case the Reworking cost benchmark is $ 2,00,000, hence cost incurred more than it is non-value added cost. Purchasing costs also $ 4,50,000 is the benchmark and any excess cost incurred is nonvalue added cost.
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