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Environmental Cost Report At the end of 20x5, Bing Pharmaceuticals began to implement an environmental quality management program. As a first step, it identified the
Environmental Cost Report
At the end of 20x5, Bing Pharmaceuticals began to implement an environmental quality management program. As a first step, it identified the following costs in its accounting records as environmentally related for the calendar year just ended:
20x5 | |
Settling personal injury claims | $3,000,000 |
Treating and disposing of toxic waste | 12,000,000 |
Cleanup of chemically contaminated soil | 4,500,000 |
Inspecting products and processes | 1,500,000 |
Operating pollution control equipment | 2,100,000 |
Licensing facilities for producing contaminants | 900,000 |
Evaluating and selecting suppliers | 300,000 |
Developing performance measures | 150,000 |
Recycling products | 187,500 |
Required:
1. Prepare an environmental cost report by category. Assume that total operating costs are $150,000,000. Round percentages to two decimal places, if rounding is required. For example, 5.79% would be entered as "5.79".
Bing Pharmaceuticals | |||
Environmental Cost Report | |||
For the Year Ended December 31, 20x5 | |||
Environmental Costs | Total | Percentage of Operating Costs | |
Prevention costs: | |||
Evaluating/selecting suppliers | $fill in the blank 27bdddfd9f94fe1_2 | ||
Recycling products | fill in the blank 27bdddfd9f94fe1_4 | $fill in the blank 27bdddfd9f94fe1_5 | fill in the blank 27bdddfd9f94fe1_6% |
Detection costs: | |||
Inspecting products/processes | $fill in the blank 27bdddfd9f94fe1_8 | ||
Developing performance measures | fill in the blank 27bdddfd9f94fe1_10 | fill in the blank 27bdddfd9f94fe1_11 | fill in the blank 27bdddfd9f94fe1_12% |
Internal failure costs: | |||
Treating/disposing toxic waste | $fill in the blank 27bdddfd9f94fe1_14 | ||
Operating equipment | fill in the blank 27bdddfd9f94fe1_16 | ||
Licensing facilities | fill in the blank 27bdddfd9f94fe1_18 | fill in the blank 27bdddfd9f94fe1_19 | fill in the blank 27bdddfd9f94fe1_20% |
External failure costs: | |||
Settling claims | $fill in the blank 27bdddfd9f94fe1_22 | ||
Cleanup of soil | fill in the blank 27bdddfd9f94fe1_24 | fill in the blank 27bdddfd9f94fe1_25 | fill in the blank 27bdddfd9f94fe1_26% |
Total quality costs | $fill in the blank 27bdddfd9f94fe1_27 | fill in the blank 27bdddfd9f94fe1_28% |
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