Solved

Grayson, SA The Actual Prices Paid Per Unit of Each Activity Driver

Question 94

Essay

Grayson, SA., has developed ideal standards for four activities: labour, materials, inspection, and receiving.
Information is as follows:  Activity  Activity Driver  SQ  AQ  SP  Labour  Hours 1,0001,100£16 Materials  kgs 4,0005,000£24 Inspection  Inspection hours 0750£11 Receiving  Orders 6075£400\begin{array}{llccc}\text { Activity } & \text { Activity Driver } & \text { SQ } & \text { AQ } & \text { SP } \\\text { Labour } & \text { Hours } & 1,000 & 1,100 & £ 16 \\\text { Materials } & \text { kgs } & 4,000 & 5,000 & £ 24\\\text { Inspection } & \text { Inspection hours } & -0- & 750 & £ 11 \\\text { Receiving } & \text { Orders } & 60 & 75 & £ 400\end{array} The actual prices paid per unit of each activity driver were equal to the standard prices.
Required:

Complete the following cost report:


 Activity  Value-Added  Nonvalue-Added  Actual  Labour £?£?£? Materials ??? Inspection ??? Receiving ??? Totals £?£?£?\begin{array} { l c c c } \text { Activity } &{ \text { Value-Added } } &\text { Nonvalue-Added }& { \text { Actual } } \\\text { Labour } & £ ? & £ ? & £ ? \\\text { Materials } & ? & ? & ? \\\text { Inspection } & ? & ? & ? \\\text { Receiving } & \underline{ ?}& \underline{?} & \underline{ ?} \\\text { Totals } & £ ? & £ ?& £ ?\end{array}

Correct Answer:

verifed

Verified

None...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents