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Identify and total the costs

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Question - Splendid Ltd is a fertiliser manufacturing company located on a bank of Mills river. Splendid has developed the following analysis of its environmental costs and revenues for the last financial year:

Employee training costs on effluent disposal $3250

Scrap value of broken fertiliser bags (10,200)

Cleaning of exhausts 2250

Penalty fine for small leakage of untreated waste into the Mill River 10,560

Inspection of exhaust effluent systems 15,891

Restoring land where waste was dumped 18,796

Study tour to the France to select new environmentally friendly machines 5,769

Developing air pollution monitoring systems 20,245

Lost sales due to previous land dumping of waste 5,050

Workers' compensation claims due to poor environmental practices 8,752

Obtaining ISO 14009 certification 87,908

Total $77,113.00

Required -

1. Identify and total the costs as Tier 1 to Tier 5.

2. In Tier 3, Tier 4 and Tier 5, identify two environmental costs each that has been missed by Splendid Ltd.

3. Based on requirements of question 2, identify the steps management of Splendid can implement to reduce the environmental cost.

Reference no: EM132898741

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