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Juanita Conducted a Value-Added Analysis of Costs Incurred in Her

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Juanita conducted a value-added analysis of costs incurred in her company's internal auditing department; results of her analysis are shown below. Group the activities based on a three-point scale, where "3" stands for activities with very high value and "1" stands for activities with very low value. Then, compute the percentage of costs in each category, recording your answers in the space provided. Investigating reports of fraud $4,955 Training new employees 4,283Participating in continuing education 3,818 Explaining the role and purpose of intemal audit2,854 Assisting extemal auditors 2,598 Correcting emors in the accounting information system2,495 Evaluating employees 1,318 Drawing flowcharts1,064 Inspecting finished products for quality 918\begin{array}{lr} \text {Investigating reports of fraud } &\$ \quad4,955 \\ \text { Training new employees } &4,283\\ \text {Participating in continuing education } &3,818\\ \text { Explaining the role and purpose of intemal audit} &2,854\\ \text { Assisting extemal auditors } &2,598\\ \text { Correcting emors in the accounting information system} &2,495\\ \text { Evaluating employees } &1,318\\ \text { Drawing flowcharts} &1,064\\ \text { Inspecting finished products for quality } &918\\\end{array}
Percent of costs ranked "3" ______
Percent of costs ranked "2" ______
Percent of costs ranked "1" ______

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