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

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter14: Quality And Environmental Cost Management

Section: Chapter Questions

Problem 21E: At the end of 20x5, Bing Pharmaceuticals began to implement an environmental quality management...

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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_28%

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	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