Which of the following is/are not true about Committed costs   a. They are costs incurred to maintain a company's facilities.   b. They are costs over which the management has little or no discretion.   c. Depreciation, Insurance, Taxes etc are examples of committed costs.   d. They are also known as Programmed costs.

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 17MC: Internal costs that are charged to the segments of a business are called_______. A. controllable...
icon
Related questions
Question

Which of the following is/are not true about Committed costs

 

a.

They are costs incurred to maintain a company's facilities.

 

b.

They are costs over which the management has little or no discretion.

 

c.

Depreciation, Insurance, Taxes etc are examples of committed costs.

 

d.

They are also known as Programmed costs.

Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Knowledge Booster
Conversion process
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub