Locked-in costs

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.