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Environmental Cost Managment And Classification

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Accounting

Type

Homework

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xbune844

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LastName 1

Students Name

Instructors Name

Course name

Date

Environmental Risk Management

Classification of the costs incurred is shown in the table below.

Management activity

Cost incurred

Fines incurred

external failure cost

Training in marine park regulations for new staff members

Prevention costs

Regular inspection to ensure that boat motors are not

releasing oil into water

prevention costs

Boat maintenance

Internal failure

Regular assessment of employee’s environmental

management skills

Appraisal costs

The percentages of the total environmental management costs are calculated in the following

table.

Managerial activity

2012

2013

2014

Totals

Percentag

e

Fine incurred

0

1,500

3,000

4,500

21.67%

Training in marine park regulation for new

staff members

4,500

2,000

1,000

7,500

36.11%

Regular inspection to ensure that the boat

motors are not releasing oil into water

1,500

1,500

1,500

4,500

21.67%

Boat maintenance

1,250

1,300

1,250

3,800

18.30%

Regular assessment of employee’s

environmental management skills

220

150

100

470

2.26%

Total

7,470

6,450

6,850

20,770

100.00%

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LastName 1 Students Name Instructors Name Course name Date Environmental Risk Management Classification of the costs incurred is shown in the table below. Management activity Fines incurred Training in marine park regulations for new staff members Regular inspection to ensure that boat motors are not releasing oil into water Boat maintenance Regular assessment of employee’s environmental management skills Cost incurred external failure cost Prevention costs prevention costs Internal failure Appraisal costs The percentages of the total environmental management costs are calculated in the f ...
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