Using the Coloscope inc (Abridged) case from Harvard answer the attached document

Colorscope, Inc. This is a classic case of the cost analysis. Cost data tell us a story of the company's operation and strategy. A worksheet is available in the folder. Instruction: 1. What was the 'value statement' of Colorscope to customers? In other words, why would any customer go to Colorscope instead of other large printers? We are going to analyze cost structure of Colorscope using a departmental cost allocation method. This is a two stage system. First categorize cost to different production centers (: departments : Job prep, Scanning, Assembly, Output. and Quality). Then allocate cost in each center to ajob in the second stage. 2. Complete the following rst stage allocation. M_ -_______ mm m - * allocated by DLH 3. Analyze the job profitability by lling out the following sheet with dollars. (Hint: Add labor cost and allocated MOH.) Job# Revenue Materials Job prep Scanning Assembly Output Quality Net prots 601 $19,200 602 614 Idle Total Prot Then summarize your findings. 4. Analyze the rework cost by lling out the following sheet for the jobs with a rework. m______ m______ - m______ _______ What is the financial consequence of reworks? (Hint: compare the profits before and after reworks.) -. What would you recommend to Colorscope Inc