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Which of the following statements best give the reason that a data usage bill for a smart phone is an essential variable expenses?
No lol it’s not
What else can I help you with?
What does variable expenses mean?
Variable expenses are costs that fluctuate based on an individual's or organization's level of activity or consumption. Unlike fixed expenses, which remain constant regardless of usage, variable expenses can change monthly, such as groceries, utility bills, and entertainment costs. Understanding variable expenses is essential for budgeting and financial planning, as they can significantly impact overall financial health.
How can I effectively budget for variable expenses in a practical manner?
To effectively budget for variable expenses, track your spending, categorize expenses, set limits for each category, prioritize essential expenses, and adjust your budget as needed based on your income and spending patterns.
How do you handle variable expenses in a budget?
To handle variable expenses in a budget, first, categorize them into essential and non-essential items. Track past spending patterns to estimate future costs, then allocate a flexible portion of your budget for these expenses. Regularly review and adjust your budget as needed, ensuring you prioritize savings and essential expenses while allowing some room for discretionary spending. This approach helps maintain financial stability while accommodating fluctuations in spending.
What are the two types of expenses?
fixed expenses and variable expenses
What are the four types of expenses?
The four types of expenses typically include fixed expenses, variable expenses, discretionary expenses, and periodic expenses. Fixed expenses remain constant over time, such as rent or mortgage payments. Variable expenses fluctuate based on consumption or usage, like utility bills or groceries. Discretionary expenses are non-essential spending, such as entertainment or dining out, while periodic expenses are irregular but predictable costs, such as insurance premiums or car maintenance.
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 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 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.
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.
Difference between marginal cost accounting statements and absorption cost accounting statement?
marginal costing considers only direct) materials,labour,expenses and variable factory overheads excluding fixed factory overheads but absorption considers (direct) materials ,labour,expenses,variable and fixed factory overheads.
What are the different types of selling expenses?
it is the FIXED and VARIABLE it is the FIXED and VARIABLE expenses only not selling expenses.JOKE.this is a GUESS.haha
