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What are the different components of a family budget?
A family budget generally reflects the family's income as well as the family's fixed and variable expenses. The fixed expenses will include food, rent and transportation costs.
What are variable monthly expenses?
expenses change
What is an expense that does not change each month?
fixed expenses do not change, variable expenses do.
How do you write a personal budget?
A good way to start is to keep track of all the money you earn and spend over a period of time (at least a month), and break it down into fixed expenses such as rent, and variable expenses such as gas and food. Add up the fixed expenses, subtract that from your income, and whatever is leftover can be split among the variable expenses. A very good walkthrough with worksheets is linked below.
This is the Reed family budget. What percent of the expenses are spent on gifts and donations?
I am unable to se the budget, therefore I cannot tell the percent of the expenses that are spent on gifts and donations.
Why is it difficult to budget for variable expenses?
It's dificult to budget for vaiable expenses because variable expenses change based on a number of factors.
Why are fixed and variable expenses important to your budget?
they are important because you have to pay fixed and they are accountable. variable expenses are important because they can change your budget.
Which term represents budget items that change in value from month to month?
variable expenses
What are the different components of a family budget?
A family budget generally reflects the family's income as well as the family's fixed and variable expenses. The fixed expenses will include food, rent and transportation costs.
The flex in the flexible budget relates solely to variable costs?
The flex in the flexible budget relates solely to variable costs such that it uses percentages of revenue for certain expenses. Flex budget is used rather that the usual fixed numbers to allow for an infinite series of changes in budgeted expenses that are directly tied to actual revenue incurred.
What is the expense in a water budget if the income is precipitation?
Water evaporation, use, and runoff are all "expenses" that reduce the balance of water available. They may be fixed expenses or variable expenses that can be controlled to various degrees.
What are the two types of expenses?
fixed expenses and variable expenses
What are variable monthly expenses?
expenses change
What is an expense that does not change each month?
fixed expenses do not change, variable expenses do.
How are variable expenses different from fixed expenses?
Variable expenses are those expenses which vary according to production level while fixed expenses are those expenses which have no effect of production level and remain same.
How do you calculate total variable expenses in a contribution income statement?
Total variable cost is typically the sum of all variable labor, variable materials, and variable overhead expenses.
How do you write a personal budget?
A good way to start is to keep track of all the money you earn and spend over a period of time (at least a month), and break it down into fixed expenses such as rent, and variable expenses such as gas and food. Add up the fixed expenses, subtract that from your income, and whatever is leftover can be split among the variable expenses. A very good walkthrough with worksheets is linked below.
