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What do we mean by "committed cost"?

Cost Classification
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Question added by Ehab Melad Ibrahim Henin , Finance Manager , Royal Network Gen. Trad. & Cont. Co.
Date Posted: 2013/09/01
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nidal al taqatqa
by nidal al taqatqa , chief accountant , armoush tourist investment CO.Ltd

  • A committed fixed cost has a long future planning horizon— more than on year. These types of costs relate to a company’s investment in assets such as facilities and equipment. Once such costs have been incurred, the company is required to make future payments

hassan الكومي
by hassan الكومي , رئيس حسابات , سيجما للادويه

its the costs mandatory such as expenses of incroporation

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