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"A committed fixed cost has a long future planning horizon- more than on year.
A discretionary fixed cost has a short future planning horizon-under a year."
Source: http://www.drtaccounting.com/2008/08/discretionary-fixed-cost-committed.html
Another source: Just got the answer correct for my Accounting quiz!
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∙ 14y ago
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Financial project on Financial planning and forecasting?
A project that would accurately showcase financial planning and forecasting would be a budgeting project. A budget would clearly show the value in planning and being able to predict future financial costs.
What is strategic business planning used for?
Strategic business planning is used by businesses to calculate the future consequences that may occur if X plan is taken ahead. This may include doing a SWOT analysis to see if the benefits outweigh the costs of any decision. Such a tool is vital for a business in helping it decide whether a decision is worthy.
What are the Uses of enterprise resource planning?
Using enterprise resource planning software allows a company to collect and use data from various aspects of operations. Using this software is a tremendous help in organization, as integrating data allows for information to be shared in such a way that reduces errors and increases productivity. And Increase workforce productivity, reduce administrative costs or expand your operations
How much does it cost to build a marina?
Current costs vary enormously but will all consideration planning, labour materials licences road works, redirection of shipping and displacement etc you probably start talking in respect of 1.5 billion GBP
In which way does the time horizon chosen for an aggregate plan determine whether it is the best plan for the firm?
Many factors affect the selection of an appropriate time horizon. Perhaps, the most important is what the firm intends to plan during that time period. An aggregate plan implies a period of up to 18 months wherein the firm takes its forecast and plans production using inventory, work force size, overtime and under time, subcontracting, and backlogging orders to achieve a reasonable schedule at reasonable costs. A very stable firm in a very stable environment with a very stable demand really doesn't need to go out very far with its aggregate plan. However, when there is variation, especially when this variation is considerable, then a longer aggregate plan will show the need to find subcontractors, new workforce availability, etc. Planning for these can start early.
Does committed fixed costs have a short term planning horizon-usually one year?
False
How does the planning of fixed overhead costs differ from the planning of variable overhead costs?
it doens't
A statistic planning budget is suitable for planning and for evaluating how well costs are controlled true or false?
A static planning budget is suitable for planning and for evaluating how well costs are controlled.
What are some examples of committed fixed costs?
leasing costs, committed costs are fixed costs that are caused by the possession of facilities, materials, etc.
What do capacity costs allow a firm to do?
Capacity costs (committed costs) give a firm the capability to produce or to sell,
What is journal voucher entry in tally of electricity bill office costs for Rs.400 received from horizon ent?
W
What is cost planning?
Cost planning is necessary for the following:Client DemandsCurrent Economic ConditionsIncreased CompetitionNeed for the Control of Construction CostsDistribution of Costs in a Balanced Manner
What is the cost of Horizon Milk per gallon?
Horizon Milk is currently $5.56 per gallon. Obviously this price is subject to fluctuation, and will most likely differ between grocery chains due to their location and shipping costs.
Why are committed fixed costs the most difficult of fixed costs to change?
Some committed fixed costs are the most difficult of fixed costs to change because they are required to maintain basic operations. For example, rent is a fixed cost that is difficult to change because it is bound by a lease.
What are the limitation of human resource planning?
A large limitation of human resource planning is uncertainty. Many HR professionals dislike the planning aspect because they believe it costs money in the form of time and training.
Managerial accounting is directed at gathering useful information about costs for planning and control decisions?
True
What it costs to paint a bathroom?
It depends on how big your bathroom is and how much wall space you are planning to cover.
