What is committed cost?
Submitted by: AdministratorCommitted cost is a fixed cost which results from the decisions of the management in the prior period and is not subject to the management control in the present on a short run basis. They arise from the possession of production facilities, equipment, an organization setup, etc.
Some examples of committed costs are: plant and equipment depreciation, taxes, insurance premium and rent charges.
Submitted by: Administrator
Some examples of committed costs are: plant and equipment depreciation, taxes, insurance premium and rent charges.
Submitted by: Administrator
Read Online Accounting Reports Job Interview Questions And Answers
Top Accounting Reports Questions
| ☺ | Do you know Variance Analysis with Example? |
| ☺ | What is Budgeting? |
| ☺ | Explain how to place journal entry for purchase order in books of account? |
| ☺ | Tell me how to prepare funds flow statement? |
| ☺ | What is difference between forecast and budget? |
Top Finance and Accounts Categories
| ☺ | MBA Finance Interview Questions. |
| ☺ | Bank Teller Interview Questions. |
| ☺ | Capital Market Interview Questions. |
| ☺ | Cashier Interview Questions. |
| ☺ | Bank Reconciliation Interview Questions. |
