Locked-in costs
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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.
