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What else can I help you with?
Is electricity a variable or semi-variable cost?
If electricity expense is dependant on production level then it is variable expenses other wise some of expenses may be of variable nature while some part is fixed or semi variable nature as well.
What is an example of a variable expense?
Any expense which is varying with levels of production is a variable expense. For example, with more production, expenses on raw materials will also increase. Consumption of raw material , thus , is a variable expense.
Is a car payment a variable expense or liability?
A car is a variable expense having the following properties: Car payment ( fixed Expense) Maintenance and usage costs (variable) So in total it is a variable expense. A car payment is considered a liability.
What is an example of a variable expanse?
A variable expense is a cost that can fluctuate based on usage or consumption. For example, a monthly electricity bill is a variable expense because it can vary significantly based on factors such as season, energy consumption habits, and the number of appliances used. Unlike fixed expenses, which remain constant, variable expenses can change from month to month.
What is example of a variable expense?
Any expense which is varying with levels of production is a variable expense. For example, with more production, expenses on raw materials will also increase. Consumption of raw material , thus , is a variable expense.
What is an expense that does not change each month?
fixed expenses do not change, variable expenses do.
Is electricity a liability or asset?
Electricity expense is an expense account while accrued electricity payable is a liability account
Is administrative expense a fixed cost or variable?
Fixed
Which of these is an example of a variable expense?
Utilities
Is bad debt expense a variable cost expense?
According to The Entrepreneur's Guide to Writing Business Plans and Proposals that can be found in google books, bad debt expense is a variable expense because the amount of bad debt depends on the amount of sales.
How do you calculate variable expense per unit?
To calculate variable expense per unit, divide the total variable expenses by the number of units produced or sold. The formula is: Variable Expense per Unit = Total Variable Expenses / Total Units. This calculation helps businesses understand the cost associated with producing each unit, aiding in pricing and budgeting decisions.
Where does electricity go on the balance sheet?
Electricity is not part of balance sheet rather it is an expense and it is shown in income statement of business as expense.
