Rapid Pesticides is a manufacturer of pesticides located at the bank of Norton River. The...
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Rapid Pesticides is a manufacturer of pesticides located at the bank of Norton River. The entity has developed the following analysis of its environmental costs and revenues for the financial year 2020.
Staff training costs to improve the waste management disposal
$ 4 600
Scrap value of broken pesticides bottles and canisters
(9 543)
Cleaning of ventilation system
1 892
Fine for minor leakage of untreated waste into the Norton River
11 509
Inspection of waste effluent systems
13 444
Restoring land where waste was dumped in the 1990s
17 101
Study tour to the Kangaroo Valley to select new waste efficient equipment
3 769
Developing CO2 emission monitoring systems
13 197
Lost sales due to poor environmental reputation
2 987
Workers' compensation claims due to poor environmental practices
5 652
Obtaining ISO 14000 certification
65908
Total
$130 516
Total cost for the plant were $1,429,330 per annum.
1.Classify each of the cost Identified above as Tier 1 to Tier 5.
2.Suggest 2 examples each of the environmental cost that could be classified as Tier 3 Tier 4 and Tier 5 that may have been overlooked
3.For each of the six costs identified in requirement 2, outline steps that the management of Rapid Pesticides could implement to reduce those costs
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