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: Settling personal injury claims Treating and disposing of toxic waste Cleanup of chemically contaminated soil Inspecting products and processes Operating pollution control equipment Licensing facilities for producing contaminants Evaluating and selecting suppliers Developing performance measures Recycling products Required: Prevention costs: Detection costs: Internal failure costs: External failure costs: 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 Total quality costs 20x5 QO| QOQOOQO $3,000,000 12,000,000 4,500,000 1,500,000 2,100,000 900,000 300,000 150,000 187,500

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: Settling personal injury claims Treating and disposing of toxic waste Cleanup of chemically contaminated soil Inspecting products and processes Operating pollution control equipment Licensing facilities for producing contaminants Evaluating and selecting suppliers Developing performance measures Recycling products Required: Prevention costs: Detection costs: Internal failure costs: External failure costs: 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 Total quality costs 20x5 QO| QOQOOQO $3,000,000 12,000,000 4,500,000 1,500,000 2,100,000 900,000 300,000 150,000 187,500

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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