Asked by Raeanne Prather on Apr 30, 2024
Verified
The planning horizons for committed fixed costs and discretionary fixed costs are
generally the same.
Planning Horizons
The timeframe over which strategic planning and decision-making processes are projected and analyzed, ranging from short to long term.
- Comprehend the meanings and characteristics of direct and indirect expenses, along with committed and discretionary fixed expenditures.
Verified Answer
RR
Rachel RasberryMay 06, 2024
Final Answer :
False
Explanation :
Committed fixed costs have a longer planning horizon as they cannot be easily adjusted in the short term, while discretionary fixed costs can be adjusted in the short term and have a shorter planning horizon.
Learning Objectives
- Comprehend the meanings and characteristics of direct and indirect expenses, along with committed and discretionary fixed expenditures.
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