Specialty Glass, Inc.: Cost Accounting and Hazardous Wastes
Specialty Glass, Inc.: Cost Accounting and Hazardous Wastes
A Business Case presented to
Ms. Nancy Chua
Accountancy Department
In partial fulfilment of the course requirements
In MODCOS1
Imperial, Glenn Paolo S.
Reyes, Joselle Marie R.
K31
July 8, 2011
Producing about 30 percent of the world’s colored sheet glass, it is evident that Specialty Glass Inc. has a competitive advantage over other manufacturers of sheet glass. First, their capital investment provides an advantage as to their ability to use equipment that could provide better quality sheet glass. An example is through the use of day tanks in a 24-hour cycle and continuous furnaces which would increase the durability of stained glass. Moreover, continuous furnace requires high capital investment which prevents other competitors to acquire such and yet the company benefits from it because although it consumes a large amount of electricity the price paid for it is relatively low. Thus, this could increase their profits and shows an edge over other competitors. Second, the manufacturing process of Specialty Glass provides the company to have a regulated system because of a systematic flow of productions and use of materials. From the consumption of chemicals down to the formation of the glasses itself, to the disposal of ashes and hazardous chemicals collected from the baghouse and to the packaging of the finished glasses; each of these have their own significance to the process like the baghouse which acts as a filter for the hazardous wastes produced from the production and captures almost all of the toxins emitted in the air. Another is the recycling of some glasses which could increase profit and save cost because they are able to reuse some of the broken glasses, and lastly is the protection for the glass in order to ensure the safety of the glass sheets. Although these things require substantial cost in order to meet and comply to their manufacturing process. The costs incurred
A Business Case presented to
Ms. Nancy Chua
Accountancy Department
In partial fulfilment of the course requirements
In MODCOS1
Imperial, Glenn Paolo S.
Reyes, Joselle Marie R.
K31
July 8, 2011
Producing about 30 percent of the world’s colored sheet glass, it is evident that Specialty Glass Inc. has a competitive advantage over other manufacturers of sheet glass. First, their capital investment provides an advantage as to their ability to use equipment that could provide better quality sheet glass. An example is through the use of day tanks in a 24-hour cycle and continuous furnaces which would increase the durability of stained glass. Moreover, continuous furnace requires high capital investment which prevents other competitors to acquire such and yet the company benefits from it because although it consumes a large amount of electricity the price paid for it is relatively low. Thus, this could increase their profits and shows an edge over other competitors. Second, the manufacturing process of Specialty Glass provides the company to have a regulated system because of a systematic flow of productions and use of materials. From the consumption of chemicals down to the formation of the glasses itself, to the disposal of ashes and hazardous chemicals collected from the baghouse and to the packaging of the finished glasses; each of these have their own significance to the process like the baghouse which acts as a filter for the hazardous wastes produced from the production and captures almost all of the toxins emitted in the air. Another is the recycling of some glasses which could increase profit and save cost because they are able to reuse some of the broken glasses, and lastly is the protection for the glass in order to ensure the safety of the glass sheets. Although these things require substantial cost in order to meet and comply to their manufacturing process. The costs incurred