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Cost Management
?
Committed costs are
Costs that management decides to incur in the current period to enable the company to achieve objectives other than the filling of orders placed by customers.
Costs that are likely to respond to the amount of attention devoted to them by a specified manager
Costs that are governed mainly by past decisions that established the present levels of operating and organizational capacity and that only change slowly in response to small changes in capacity.
Amortization of costs that were capitalized in previous periods.
Show Result
Correct
- Your answer is correct.
Wrong
- Your answer is wrong.
Detailed Answer
Answer (C) is correct. Committed costs are those that are required as a result of past decisions.
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