environmental supervisor, Q1. Sheila is a managerial accountant who has discovered that her company is violating regulations of a third world country in its production of rubber at a plant in that country. Upper management is unaware of the violation, but her immediate superior is involved. Sheila has discussed this issue with her and the supervisor has advised her to remain quiet about the matter. Sheila reasons that she should do nothing because her supervisor is her immediate authority and has more information. Is Sheila correct in her reasoning? A. Yes B. No

environmental supervisor, Q1. Sheila is a managerial accountant who has discovered that her company is violating regulations of a third world country in its production of rubber at a plant in that country. Upper management is unaware of the violation, but her immediate superior is involved. Sheila has discussed this issue with her and the supervisor has advised her to remain quiet about the matter. Sheila reasons that she should do nothing because her supervisor is her immediate authority and has more information. Is Sheila correct in her reasoning? A. Yes B. No

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter14: Quality And Environmental Cost Management

Section: Chapter Questions

Problem 22E

See similar textbooks

Similar questions

Integrative Case 4 Enviro Plastics Company Since its inception, Enviro Plastics Company has been revolutionizing plastic and trying to do its part to save the environment. Enviro’s founder, Marion Cosby, developed a biodegradable plastic that her company is marketing to manufacturing companies throughout the southeastern United States. After operating as a private company for six years, Enviro went public in 2015 and is listed on the Nasdaq stock exchange. As the chief financial officer of a young company with lots of investment opportunities, Enviro’s CFO closely monitors the firm’s cost of capital. The CFO keeps tabs on each of the individual costs of Enviro’s three main financing sources: long-term debt, preferred stock, and common stock. The target capital structure for Enviro is given by the weights in the following table: At the present time, Enviro can raise debt by selling 20-year bonds with a $1,000 par value and a 10.5% annual coupon interest rate. Enviro’s corporate tax rate…
Question 3 (11 marks) Edex limited is a renowned agricultural chemical manufacturer in Australia. They conduct many research and development in the field of Agri and Horticulture. Company wanted to examine the effect of temperature on farming of their selected range of products. Company has produced following results based on their data gathering. 15° C 35 24 36 39 32 25° C 30 31 34 23 27 35° C 23 28 28 30 31 You are required to answer following questions; State the null and alternative hypothesis for single factor ANOVA to test for any significant difference in the perception among three groups. (1 marks) ANSWER: State the decision rule at 5% significance level. (2 marks) ANSWER: Calculate the test statistic. (6 marks) ANSWER: Based on the calculated test statistics, decide whether there are any significant differences between the…
Refer to Problem 14.43. In 20x3, Jack Carter, president of Kartel, requested that environmental costs be assigned to the two major products produced by the company. He felt that knowledge of the environmental product costs would help guide the design decisions that would be necessary to improve environmental performance. The products represent two different models of a cellular phone (Model XA2 and Model KZ3). The models use different processes and materials. To assign the costs, the following data were gathered for 20x3: During 20x3, Kartels division produced 200,000 units of Model XA2 and 300,000 units of Model KZ3. Required: 1. Using the activity data, calculate the environmental cost per unit for each model. How will this information be useful? 2. Upon examining the cost data produced in Requirement 1, an environmental engineer made the following suggestions: (1) substitute a new plastic for a material that appeared to be the source of much of the hazardous waste (the new material actually cost less than the contaminating material it would replace), and (2) redesign the processes to reduce the amount of air contaminants produced. As a result of the first suggestion, by 20x5, the amount of hazardous waste produced had diminished to 50 tons, 10 tons for Model XA2 and 40 tons for Model KZ3. The second suggestion reduced the contaminants released by 50 percent by 20x5 (15 tons for Model XA2 and 110 tons for Model KZ3). The need for pollution equipment also diminished, and the hours required for operating this equipment for Model XA2 and Model KZ3 were reduced to 60,000 and 200,000, respectively. Calculate the unit cost reductions for the two models associated with the actions and outcomes described (assume the same production as in 20x3). Do you think the efforts to reduce the environmental cost per unit were economically justified? Explain.
Q1. You are the PR officer of a major MNE in the chemicals industry. The national press in your home country alleges that your company is covering up an environmental disaster caused by your subsidiary in India,in which several people died. How do you react?
Q: If you were at Alice's place, what would you opt and why? Alicia WongAlicia Wong, Corporate Supply Manager, Thain Foods Limited, wanted to prepare a proposal to manufacture mustardin-house. Mustard, an important ingredient in many of thecompany’s products, was currently purchased from an outside supplier. She hoped a comprehensive proposal could beprepared in one-month’s time for the CEO’s approval. GENERAL COMPANY BACKGROUNDThain Foods Limited (TFL) had been in business for morethan 30 years. Its products included a wide range of syrups,fudges, cone dips, sauces, mayonnaise, and salad dressings. Its customers were major food chains, hotels, andrestaurants in North America and Europe.TFL believed in continuous improvement to itsoperations. Over the last two years, it invested more than$2 million in plant facilities, the bulk of it new, state-ofthe-art process equipment and process control. All production and process control functions were computerized formaximum efficiency.TFL…
Q24 Fast Wire Incorporated manufactures a scrambling device for cellular phones. The main component of the scrambling device is a very delicate part—DTV-12. DTV-12 requires careful handlings during manufacturing. Once damaged, the part must be discarded. Only skilled laborers are hired to manufacture and install DTV-12. Damages still occur, however. The following are the operating data of Fast Wire Incorporated for 2021 and 2022 relative to the insertion of DTV-12. 2021 2022 Number of phones manufactured 606,000 730,000 Units of DTV-12 used 960,300 1,000,000 Direct labor hours for DTV-12 insertion 1,850 2,655 Total cost of DTV-12 units $ 1,444,000 $ 2,334,000 Direct labor wage rate per hour $ 68.50 $ 84 The partial operational productivity ratio of DTV-12 in 2022 is: Multiple Choice 3.00 per unit. 0.73 per unit. 0.63 per unit. 3.33 per unit. 1.92 per unit.
Question Covid 19 has caused an economic meltdown globally. Suppose, you are an owner of a popular export oriented readymade garments company in Bangladesh. How would your business have impacted due to the Corona outbreak? Answer the question based on your knowledge of product cost, period cost and CVP analysis ONLY.
Question text Hasan joined a leading organization in Oman as Mechanical Engineer soon after graduating. The Company sent him to Japan to get trained in the latest technology. Mr Hasan feels confused and home sick because he is not familiar with the local customs. How do you describe the feeling of Mr. Hasan and how Hasan can deal with the situation? a. Cultural Shock, Hasan should first admit that the impact is normal and try to learn the rules of the new culture b. Cultural Shock, Hasan should avoid interacting with local people c. Cultural Shock, Hasan should quit training and return to his home country d. Cultural Diversity, Hasan should familiarize himself with the local customs
Reports e-Services - E4914788cmid3D543 Academic Departments - ETC - CIMS - Abdu on 13 Ameen trading company is a popular distributor in the Nizwa region having years of experience in the field of logistics and marketing. Over these years, the company has gained a very good public opinion and quiet a big number of loyal customers. During the last year, the company has faced some financial struggles due to the pandemic – crisis. The company has decided to plan well for the current year based on the past performance so that the company will be able to regain its status. et red dout of question The management of the company has given with you the Income statement for the last year and asked you to calculate the gross profit and net profit margin. Particular OMR Particular OMR Opening Stock Purchases То 76,250 By Sales 3,15,250 5,00,000 "Closing stock 98,500 Carriage and Freight Wages Gross Profit b/d 2,000 5,000 2,00,000 5,98, 500 5,98,500 2,00,000 To Administration expenses 1,01,000 By…
Ethics and professional conduct in business Erin Haywood was recently hired as a cost analyst by Wind River Medical Supplies Inc. Oneof Erin’s first assignments was to perform a net present value analysis for a new warehouse.Et-in performed the analysis and calculated a present value index of 0.8. The plant manager.ZuhairBarbat, is very intent on purchasing the warehouse because he believes that more storage space is needed. Zuhair asks Erín into his office and the following conversation takes place: ZubairErín, you’re new here, aren’t you? EHii: Yes, sir. Zubair: V.dl, Erin, let me tell you something. ¡m not at all pleased with the capital investment analysis that you performed on this new warehouse. T need that warehouse for my production. If I dont get it, where am I going to place our output? Erín: Hopefully with the customer, sir. Zithair: Now don’t get smart with me. Erín: No, really. I was being serious. My analysis does not support constructing a new ware- house. The numbers don’t lie: the warehouse does not meet our investment return targets. In fact, it seems to me that purchasing a warehouse dots not add much value to the business. We need to be producing product to satisfy customer orders, not to fill a warehouse. Zubair Listen, you need to understand sonwthing. The headquarters people will not allow mv to build the warehouse if the numbers dont add up. You know as well as I that many assump tions go into your net present value analysis. Why don’t you relax some of your assumptions so that the f́nancial savings will offset the cost? Erín: I’m willing to discuss my assumptions with you. Maybe I overlooked something. Zubafr Good. Here’s what I want you to do. 1 see in your analysis tha you don’t project greater sales as a result of the warehouse. It seems to me, if we can store more goxLs, then will have more to sell. Thus, logically, a larger warehouse translates into more sales. If you incorporate this into your analysis, I think you’ll see that the numbers will work out. Why don’t you work it through and come back with a new analysis? I’m really counting on you on this one. Let’s get off to a good start together and see if we can get this project accepted. What is your advice to Erin?
CT1.2 Tenrack is a fairly large manufacturing company located in the southern United States. The company manufactures tennis rackets, tennis balls, tennis clothing, and tennis shoes, all bearing the company's distinctive logo, a large green question mark on a white flocked tennis ball. The company's sales have been increasing over the past 10 years. The tennis racket division has recently implemented several advanced manufacturing techniques. Robot arms hold the tennis rackets in place while glue dries, and machine vision systems check for defects. The engineering and design team uses computerized drafting and testing of new products. The following managers work in the tennis racket division: Jason Dennis, Sales Manager (supervises all sales representatives) Peggy Groneman, Technical Specialist (supervises computer programmers) Dave Marley, Cost Accounting Manager (supervises cost accountants) Kevin Carson, Production Supervisor (supervises all manufacturing employees) Sally Renner,…
1.02 Methods of Organizing Google Drawing Directions: To complete the activity below, match the definition/example in "white" to the correct method of organizing information in the colorful boxes. Sam and Meg couldn't decide what to eat. Sam Chronological Order Climatic Order Index Order Due to heavy rain, wanted Chinese & Meg wanted Italian. They weighed the pros & cons and decided on Italian. the outdoor fundraiser had to be cancelled. A presentation including the advantages and Slavery in America, 1619-1865 disadvantages of having outside lunch. Civil Rights Movement, 1955-1960's Simple to Complex Inductive Order Deductive Order The salesman initially offered 10% off Anderson, Joseph-CEO Butler, Amber-Accounting Davis, Kim- Cashier Frank, Mary-Hostess Jones, Pam-Payroll merchandise but when the customer would not buy, he offered an additional Crack one egg at a time and mix well. Then add vanilla and a pinch of salt. Pour into pan and bake for 40 min. 5% and a free gift. Start with…