Difference between revisions of "Locked-in costs"
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According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | According to [[Cost Accounting by Horngren, Datar, Rajan (14th edition)]], | ||
:[[Locked-in costs]]. Costs that have not yet been incurred but, based on decisions that have already been made, will be incurred in the future. Also called designed-in costs. | :[[Locked-in costs]]. Costs that have not yet been incurred but, based on decisions that have already been made, will be incurred in the future. Also called designed-in costs. | ||
| − | + | :[[Locked-in costs]]. Costs that have not yet been incurred but, based on decisions that have already been made, will be incurred in the future. Also called designed-in costs. | |
[[Category: Accounting]][[Category:Articles]] | [[Category: Accounting]][[Category:Articles]] | ||
Latest revision as of 16:00, 11 July 2020
Locked-in costs is costs that have not yet been incurred but, based on decisions that have already been made, will be incurred in the future. Also called designed-in costs.
Definitions
According to Cost Accounting by Horngren, Datar, Rajan (14th edition),
- Locked-in costs. Costs that have not yet been incurred but, based on decisions that have already been made, will be incurred in the future. Also called designed-in costs.
- Locked-in costs. Costs that have not yet been incurred but, based on decisions that have already been made, will be incurred in the future. Also called designed-in costs.
