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Entertainment expenses are generally considered variable costs rather than fixed costs. This is because they can fluctuate based on business activities, client engagement, or employee morale initiatives. While some companies may have a budget for entertainment that resembles a fixed cost, actual spending can vary significantly from month to month. Thus, they do not meet the criteria of fixed costs, which remain constant regardless of business activity levels.
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Are selling expenses fixed or variable cost?
selling expenses is a mixed costs. it is a mixture of both fixed and variable components. for example, in selling expenses in a retail shop; fixed costs are the employees salary. while variable cost will be their commission or bonus of the sale.
Printing and stationery expenses is fixed?
Variable
What the difference between Fixed and variable expenses in a budget?
Fixed expenses are costs that remain constant each month, such as rent or mortgage payments, insurance premiums, and subscription services. In contrast, variable expenses fluctuate based on usage or consumption, including groceries, dining out, and entertainment. Understanding the distinction helps in budgeting effectively, as fixed expenses are predictable while variable expenses can be adjusted based on financial goals.
Are General Expenses a fixed Cost?
Some general expenses are fixed, meaning that they are the same amount every month, but many are not. When the expense depends on usage, such as electricity, it will not be fixed, but will vary from month to month. An example of a fixed general expense would be a monthly retainer or fee paid to an accountant or lawyer. If the expense is the same amount every month, it is called a fixed cost.
What is the difference between fixed expenses and flexible expenses?
A fixed expense is an expense that will cost you the same month by month. Such as rent, mortgage, car payment, student loans, ect. Flexible expense, refers to expenses that vary month by month, like your gas, phone, and electric bill. Flexible expenses may also include money budgeted for clothes,food, entertainment, and savings. Things that may not cost you the same month to month. It's important to know the difference so you can budget accordingly. Source: http://answers.yahoo.com/question/index?qid=20071101143515AABFl80
Is an expenses that does not change each month?
Fixed cost
Are selling expenses fixed or variable cost?
selling expenses is a mixed costs. it is a mixture of both fixed and variable components. for example, in selling expenses in a retail shop; fixed costs are the employees salary. while variable cost will be their commission or bonus of the sale.
What percent of her expenses is spent on housing and entertainment house is 300.00 and entertainment is 68.00?
The entertainment is 23% of your housing cost.
What percent of her expenses is spent on housing and entertainment housing is 300.00 and entertainment is 68.00?
The entertainment is 23% of your housing cost.
Printing and stationery expenses is fixed?
Variable
What is a variable expense?
A variable expense is a cost that fluctuates based on usage or consumption, rather than remaining fixed over time. Examples include utility bills, groceries, and entertainment expenses, which can vary from month to month. Unlike fixed expenses, such as rent or mortgage payments, variable expenses can be adjusted based on individual financial decisions and circumstances. Managing variable expenses is crucial for budgeting and maintaining financial stability.
How can one calculate the average fixed cost for a business?
To calculate the average fixed cost for a business, you divide the total fixed costs by the quantity of output produced. This gives you the cost per unit of fixed expenses incurred by the business.
What the difference between Fixed and variable expenses in a budget?
Fixed expenses are costs that remain constant each month, such as rent or mortgage payments, insurance premiums, and subscription services. In contrast, variable expenses fluctuate based on usage or consumption, including groceries, dining out, and entertainment. Understanding the distinction helps in budgeting effectively, as fixed expenses are predictable while variable expenses can be adjusted based on financial goals.
A favorable fixed overhead volume variance occurs if?
Favourable fixed overhead variance occurs when actual fixed cost is less than the budgeted fixed overhead expenses.
Are General Expenses a fixed Cost?
Some general expenses are fixed, meaning that they are the same amount every month, but many are not. When the expense depends on usage, such as electricity, it will not be fixed, but will vary from month to month. An example of a fixed general expense would be a monthly retainer or fee paid to an accountant or lawyer. If the expense is the same amount every month, it is called a fixed cost.
What is the difference between fixed expenses and flexible expenses?
A fixed expense is an expense that will cost you the same month by month. Such as rent, mortgage, car payment, student loans, ect. Flexible expense, refers to expenses that vary month by month, like your gas, phone, and electric bill. Flexible expenses may also include money budgeted for clothes,food, entertainment, and savings. Things that may not cost you the same month to month. It's important to know the difference so you can budget accordingly. Source: http://answers.yahoo.com/question/index?qid=20071101143515AABFl80
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.
