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What is committed cost?

Updated: 9/16/2023
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Q: What is committed cost?
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What is the difference between committed and discretionary cost?

A committed cost is going to occur whether or not you have any output like rent.A discretionary cost is a variable cost like that of raw material.


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Does committed fixed cost have a short term planning horizon usually one year?

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How would you define unavoidable costs?

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Do committed fixed costs have a short-term planning horizon?

"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!


Person who committed themselves to work for a sponsor for a few year in exchange for the cost of passage to the new world?

They were called indentured servants.


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What business process mainly includes distributing allocating and executing funds ensuring that funds are not over-committed and allowing the Army to perform strategic planning?

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What business process mainly includes distributing allocating and executing funds ensuring that funds are not over-committed and allowing the Army to perform strategic planning.?

Cost Management


The business process mainly includes distributing allocating and executing funds ensuring that funds are not over-committed and allowing the Army to perform strategic planning?

Cost Management