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: Question Content Area 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 PharmaceuticalsEnvironmental Cost ReportFor the Year Ended December 31, 20x5 Environmental Costs Total Percentage of Operating Costs Prevention costs: $- Select - - Select - $- Select - - Select -% Detection costs: $- Select - - Select - - Select - - Select -% Internal failure costs: $- Select - - Select - - Select - - Select - - Select -% External failure costs: $- Select - - Select - - Select - - Select -% Total quality costs $fill in the blank f7476104ef8afbf_27 fill in the blank f7476104ef8afbf_2
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: Question Content Area 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 PharmaceuticalsEnvironmental Cost ReportFor the Year Ended December 31, 20x5 Environmental Costs Total Percentage of Operating Costs Prevention costs: $- Select - - Select - $- Select - - Select -% Detection costs: $- Select - - Select - - Select - - Select -% Internal failure costs: $- Select - - Select - - Select - - Select - - Select -% External failure costs: $- Select - - Select - - Select - - Select -% Total quality costs $fill in the blank f7476104ef8afbf_27 fill in the blank f7476104ef8afbf_2
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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:
Question Content Area
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".
| Environmental Costs | Total | Percentage of Operating Costs | |
| Prevention costs: | |||
|
|
$- Select - | ||
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- Select - | $- Select - | - Select -% |
| Detection costs: | |||
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|
$- Select - | ||
|
|
- Select - | - Select - | - Select -% |
| Internal failure costs: | |||
|
|
$- Select - | ||
|
|
- Select - | ||
|
|
- Select - | - Select - | - Select -% |
| External failure costs: | |||
|
|
$- Select - | ||
|
|
- Select - | - Select - | - Select -% |
| Total quality costs | $fill in the blank f7476104ef8afbf_27 | fill in the blank f7476104ef8afbf_28% |
Question Content Area
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