Gibson,Inc The Actual Prices Paid Per Unit of Each Activity Driver

Essay

Gibson,Inc.,has developed ideal standards for four activities: labour,materials,inspection,and receiving.
Information is as follows:
$\begin{array}{llrrr}\text {Activity}&\text {Activity Driver}&\text {SQ}&\text {AQ}&\text {SP}\\\text { Labour } & \text { Hours } & 500 & 550 & \$ 32 \\\text { Materials } & \text { Kilograms } & 2,000 & 2,500 & 48 \\\text { Inspection } & \text { Inspection hours } & 0 & 375 & 22 \\\text { Receiving } & \text { Orders } & 60 & 75 & 800\end{array}$
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}