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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?

"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!


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!


What is the difference between a 30 year and 15 year mortgage?

The main difference between an 30 year mortgage and a 15 year mortgage would be the monthly cost. The 30 year would be cheaper payments but the loan interest would cost more.


What is the difference between expensing and depreciating assets for tax purposes?

The main difference between expensing and depreciating assets for tax purposes is the timing of when the cost of the asset is deducted. Expensing allows the full cost of the asset to be deducted in the year it was purchased, while depreciating spreads the cost over the useful life of the asset.


Difference between pre-feasibility and feasibility?

The most difference is on cost estimation. In PreFS, cost estimation is based on assumptions while cost estimation in FS is normally based on vendors' offers/proposals, at least for expensive price equipment/materials.

Related Questions

What is the difference between discretionary and controllable cost?

Discretionary cost is that amount which is at somebody's discretion like manager etc. Controllable cost is that amount which is in the hands of management to be controlled or not like advertisement expenses etc.


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

"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!


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!


What difference between cost and costing?

difference between cost and costing


What is the difference between engineered costs and discretionary costs?

Discretionary Cost:Cost such as that of advertisement, research and development that a manager may eliminate without disrupting the firm's operations or affecting its productivity capacity in the short runEngineered Cost:This is the cost which have direct relation with cause or activity like direct material, direct labor etc.


What is the difference between cost and list price?

whats the difference between cost and list?


What is the difference between differential cost and incremental cost?

There is no difference


Difference between real cost and money cost in about 300 words?

what is the difference?


What is non Discretionary cost?

A non-discretionary cost is one that is not completely controllable by you. Typically you may be able to exert a little influence on such costs by understanding and manipulating consumption patterns but you are not able to unilaterally completely eliminate the cost from your cost-base.


What is the difference between prime cost and variable cost?

lina


What is the difference between price and average cost?

marginal cost


Difference between standard cost actual cost and normal cost?

prices