Question: I need help with this question Value- and Non-Value-Added Cost Reporting Cicleta Manufacturing has four activities: receiving materials, assembly, expediting products, and storing goods. Receiving

I need help with this question

Value- and Non-Value-Added Cost Reporting Cicleta Manufacturing has four activities: receiving materials, assembly, expediting products, and storing goods. Receiving and assembly are necessary activities; expediting and storing goods are unnecessary. The following data pertain to the four activities for the year ending 2014 (actual price per unit of the activity driver is assumed to be equal to the standard price): Activity Activity Driver SQ AQ SP Receiving Receiving orders 13,600 28,500 $24 Assembly Labor hours 117,000 142,500 17 Expediting Storing Required: Orders expedited 0 9,500 57 Number of units 0 19,000 8 1. Prepare a cost report for the year ending 2014 that shows value-added costs, non-value-added costs, and total costs for each activity. If an amount is zero, enter "0". Cicleta Manufacturing Value and Non-Value-Added Cost Report For the Year Ended 2014 Activity Value-Added Costs Non-Value-Added Costs Total Costs Receiving $ Assembly Expediting Storing Total 2. Explain why expediting products and storing goods are non-value-added activities.

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