Classify the costs as prevention and internal failure

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Reference no: EM13939004

Environmental Costs

At the beginning of 2009, Kleaner Company initiated a program to improve its environmental  performance.  Efforts  were  made  to  reduce  the  production  and  emission of contaminating gaseous, solid, and liquid residues. By the end of the year, in an executive meeting, the environmental manager indicated that the company had made significant improvement in its environmental performance, reducing the emission of contaminating residues of all types. The president of the company was pleased with the reported success but wanted an assessment of the financial consequences of the environmental improve- ments. To satisfy this request, the following financial data were collected for 2008 and 2009 (all changes in costs are a result of environmental improvements):

  2008 ($) 2009 ($)

Sales

20,000,000

20,000,000

Evaluating and selecting suppliers

0

600,000

Treating and disposing of toxic  materials

1,200,000

800,000

Inspecting processes (environmental objective)

200,000

300,000

Land restoration (annual fund  contribution)

1,600,000

1,200,000

Maintaining pollution equipment

400,000

300,000

Testing for contaminants

150,000

100,000

Required:

Classify the costs as prevention, detection, internal failure, or external failure.

Reference no: EM13939004

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