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In simple terms, yes... Such expenses like dues, loans and insurance are fixed expenses. Variable expenses are those that fluctuate in proportion to supply and demand, hourly production costs, packaging and shipping costs.
Rollin Wiegand
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Which of these is considered a fixed expense?
insurance
Is health insurance an example of a fixed expense?
Only if the policy goes unchanged and the amount goes unchanged for the period of time that you're assessing the fixed expense for. A fixed expense is an amount that is payable, and that is the same amount each period. So if your health insurance policy is always $25 per week, than yes. But you must take into account that sometimes insurance companies increase rates, or your health insurance needs change as you get older, have a partner, have kids etc. I would only ever consider it a short term fixed expense. In business a fixed expense is generally that of overheads, such as rent etc.
Which of these is an example of a fixed expense?
Rent food car payment electric bill
Is administrative expense a fixed cost or variable?
Fixed
What is a fixed expense?
A fixed expense is an expense that doesn't change, regardless of the activity level. For most companies, rent expense is fixed. No matter what the company's sales volume, rent expense stays the same.
Can an expense be defined as variable cost and fixed costs?
depending on if the expense is a recurring is whether or not it can be fixed . most expense are unseen and therefore can not be put in as a fixed cost
Is insurance on inventory a direct expense?
insurance is an indirect expense.............
Is car insurance a fixed expense?
In simple terms, yes... Such expenses like dues, loans and insurance are fixed expenses. Variable expenses are those that fluctuate in proportion to supply and demand, hourly production costs, packaging and shipping costs.
Is interest on fixed deposit an expense or income?
To the depositor, it is an income but to the bank or institution providing the fixed deposit as a product, it is an expense.
In estimating the profitability of a catering business is most likely to be considered a fixed expense in your overhead costs.?
An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
Is insurance an administrative expense or selling expense?
Insurance is an administrative expense as administration is authorized to do all these kind of expenses.
In estimating the profitability of a catering business blank is most likely to be considered a fixed expense in your overhead cost?
An example of a fixed cost for catering would include rent; utilities, equipment and insurance.
