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Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
Edition 1ISBN: 978-0538736787 Exercise 33
ENVIRONMENTAL COST REPORT
Greun Company reported operating costs of $40,000,000 as of December 31, 2011, with the following environmental costs:
Required:
1. Prepare an environmental cost report, classifying costs by quality category and expressing each as a percentage of total operating costs. What is the message of this report?
2. Prepare a pie chart that shows the relative distribution of environmental costs by category. What does this report tell you?
3. What if Greun deliberately did not include the cost of damaging the ecosystem because of solid waste disposal in its environmental cost report? Offer possible reasons for this decision. If consciously avoided, is this decision unethical?
Greun Company reported operating costs of $40,000,000 as of December 31, 2011, with the following environmental costs:
Required:
1. Prepare an environmental cost report, classifying costs by quality category and expressing each as a percentage of total operating costs. What is the message of this report?
2. Prepare a pie chart that shows the relative distribution of environmental costs by category. What does this report tell you?
3. What if Greun deliberately did not include the cost of damaging the ecosystem because of solid waste disposal in its environmental cost report? Offer possible reasons for this decision. If consciously avoided, is this decision unethical?
Explanation
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Cornerstones of Cost Accounting 1st Edition by Don Hansen,Maryanne Mowen
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