Accounting Dictionary - Letter C

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
Committed costs
relate to investments in facilities, equipment, and factory buildings. Committed costs are long term in nature, and they can't be reduced significantly without impacting the entity's ability to operate normally. Examples of committed costs include depreciation, insurance, rent, and taxes.
Go Back
Don't see the term you are looking for? Try searching our entire website:
Not a member?
See why people join our
online accounting course: