Environmental Cost Report Verde Company reported operating costs of $25,000,000 as of December 31, 20x5, with the following environmental costs: Testing for contamination $ 600,000 Inspecting products 300,000 Treating toxic waste 1,000,000 Obtaining ISO 14001 certification 325,000 Designing processes 275,000 Cleaning up oil spills 1,550,000 Maintaining pollution equipment 350,000 Cleaning up contaminated soil 3,025,000 Required: Question Content Area 1. Prepare an environmental cost report, classifying costs by quality category and expressing each as a percentage of total operating costs. Round percentages to two decimal places, if rounding is required. For example, 5.79% would be entered as "5.79". Verde CompanyEnvironmental Cost ReportFor the Year Ended December 31, 20x5 Environmental Cost Total Environmental Cost Percentage of Operating Costs Prevention costs: $- Select - - Select - $- Select - - Select -% Detection costs: $- Select - - Select - - Select - - Select -% Internal failure costs: $- Select - - Select - - Select - - Select -% External failure costs: $- Select - - Select - - Select - - Select -% Total quality costs $fill in the blank 0317f1091026fdb_25 fill in the blank 0317f1091026fdb_26% Question Content Area 2. What if Verde deliberately did not include the cost of damaging the ecosystem because of solid waste disposal in its environmental cost report? What is the most likely reason?
Environmental Cost Report Verde Company reported operating costs of $25,000,000 as of December 31, 20x5, with the following environmental costs: Testing for contamination $ 600,000 Inspecting products 300,000 Treating toxic waste 1,000,000 Obtaining ISO 14001 certification 325,000 Designing processes 275,000 Cleaning up oil spills 1,550,000 Maintaining pollution equipment 350,000 Cleaning up contaminated soil 3,025,000 Required: Question Content Area 1. Prepare an environmental cost report, classifying costs by quality category and expressing each as a percentage of total operating costs. Round percentages to two decimal places, if rounding is required. For example, 5.79% would be entered as "5.79". Verde CompanyEnvironmental Cost ReportFor the Year Ended December 31, 20x5 Environmental Cost Total Environmental Cost Percentage of Operating Costs Prevention costs: $- Select - - Select - $- Select - - Select -% Detection costs: $- Select - - Select - - Select - - Select -% Internal failure costs: $- Select - - Select - - Select - - Select -% External failure costs: $- Select - - Select - - Select - - Select -% Total quality costs $fill in the blank 0317f1091026fdb_25 fill in the blank 0317f1091026fdb_26% Question Content Area 2. What if Verde deliberately did not include the cost of damaging the ecosystem because of solid waste disposal in its environmental cost report? What is the most likely reason?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Environmental Cost Report
Verde Company reported operating costs of $25,000,000 as of December 31, 20x5, with the following environmental costs:
| Testing for contamination | $ 600,000 |
| Inspecting products | 300,000 |
| Treating toxic waste | 1,000,000 |
| Obtaining ISO 14001 certification | 325,000 |
| Designing processes | 275,000 |
| Cleaning up oil spills | 1,550,000 |
| Maintaining pollution equipment | 350,000 |
| Cleaning up contaminated soil | 3,025,000 |
Required:
Question Content Area
1. Prepare an environmental cost report, classifying costs by quality category and expressing each as a percentage of total operating costs. Round percentages to two decimal places, if rounding is required. For example, 5.79% would be entered as "5.79".
| Environmental Cost | Total Environmental Cost | Percentage of Operating Costs | |
| Prevention costs: | |||
|
|
$- Select - | ||
|
|
- Select - | $- Select - | - Select -% |
| Detection costs: | |||
|
|
$- Select - | ||
|
|
- Select - | - Select - | - Select -% |
| Internal failure costs: | |||
|
|
$- Select - | ||
|
|
- Select - | - Select - | - Select -% |
| External failure costs: | |||
|
|
$- Select - | ||
|
|
- Select - | - Select - | - Select -% |
| Total quality costs | $fill in the blank 0317f1091026fdb_25 | fill in the blank 0317f1091026fdb_26% |
Question Content Area
2. What if Verde deliberately did not include the cost of damaging the ecosystem because of solid waste disposal in its environmental cost report? What is the most likely reason?
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