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Verde Company reported operating costs of $40,000,000 as of December 31, 20x5, with the following environmental...

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Question

Accounting

Verde Company reported operating costs of $40,000,000 as ofDecember 31, 20x5, with the following environmental costs:

Testing for contamination$ 440,000
Inspecting products760,000
Treating toxic waste1,600,000
Obtaining ISO 14001 certification880,000
Designing processes720,000
Cleaning up oil spills2,880,000
Maintaining pollution equipment1,080,000
Cleaning up contaminated soil4,120,000

Required:

1. Prepare an environmental cost report,classifying costs by quality category and expressing each as apercentage of total operating costs. Round percentages to twodecimal places, if rounding is required. For example, 5.79% wouldbe entered as "5.79".

Verde Company
Environmental Cost Report
For the Year Ended December 31, 20x5
Environmental CostTotal Environmental CostPercentage of Operating Costs
Prevention costs:
$
$%
Detection costs:
$
%
Internal failure costs:
$
%
External failure costs:
$
%
Total quality costs$%

2. What if Verdedeliberately did not include the cost of damaging the ecosystembecause of solid waste disposal in its environmental cost report?What is the most likely reason?

Answer & Explanation Solved by verified expert
4.4 Ratings (944 Votes)
Environmental Cost A Total Environmental Cost B Percentage of Operating Costs B 40000000 Prevention costs Designing processes 720000 720000 180 Detection costs Testing for    See Answer
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