Gibson,Inc.,has developed ideal standards for four activities: labour,materials,inspection,and receiving.
Information is as follows:
The actual prices paid per unit of each activity driver were equal to the standard prices.
Complete the following cost report.
\begin{array}{lcccc} \text { Activity } & \text { Value-Added } &\text { Non-value-Added } & \text { Actual }\\ \text {Labour } &\$\underline{\quad\quad}&\$\underline{\quad\quad}&\$\underline{\quad\quad}\\ \text { Materials } &\underline{\quad\quad}&\underline{\quad\quad}&\underline{\quad\quad}\\ \text { Inspection } &\underline{\quad\quad}&\underline{\quad\quad}&\underline{\quad\quad}\\ \text { Receiving } &\underline{\quad\quad}&\underline{\quad\quad}&\underline{\quad\quad}\\ \text {Totals } &\$\underline{\quad\quad}&\$\underline{\quad\quad}&\$\underline{\quad\quad}\\end{array}
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