At the end of June 2017, EZY Pharmaceuticals implemented an environmental quality management program. As a first step, EZY adopted an environmental management accounting (EMA) system from 1 July 2017, and from the data gathered during the year identified the following environmental-related costs for the 2019 financial year. Particulars Inefficient materials usage Treating and disposing of toxic waste Clean-up of chemically contaminated soil Testing for contamination Operating pollution control equipment Maintaining pollution control equipment Performing environmental studies Verifying supplier environmental performance Training (environmental related) Environmental Cost for 2019 $1750000 6130000 2250000 726000 1237245 636155 175000 151000 95000 1 Required: Prepare an environmental cost report dissection into the four environmental cost categories. 2 Assuming that total operating costs are $80 000 000 calculate the relative distribution percentages for each environmental cost category (the percentage of the total environmental cost represented by each categoryl. 3 Comment on the distribution of these environmental costs and form an opinion about the environmental performance of EZY during the 2019 accounting year. At the end of June 2017, EZY Pharmaceuticals implemented an environmental quality management program. As a first step, EZY adopted an environmental management accounting (EMA) system from 1 July 2017, and from the data gathered during the year identified the following environmental-related costs for the 2019 financial year. Particulars Inefficient materials usage Treating and disposing of toxic waste Clean-up of chemically contaminated soil Testing for contamination Operating pollution control equipment Maintaining pollution control equipment Performing environmental studies Verifying supplier environmental performance Training (environmental related) Environmental Cost for 2019 $1750000 6130000 2250000 726000 1237245 636155 175000 151000 95000 1 Required: Prepare an environmental cost report dissection into the four environmental cost categories. 2 Assuming that total operating costs are $80 000 000 calculate the relative distribution percentages for each environmental cost category (the percentage of the total environmental cost represented by each categoryl. 3 Comment on the distribution of these environmental costs and form an opinion about the environmental performance of EZY during the 2019 accounting year