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What expenses listed is a variable expense?
A variable expense is a cost that can fluctuate based on usage or consumption. Examples of variable expenses include groceries, utility bills, and entertainment costs, as these can change from month to month depending on individual choices and consumption levels. In contrast, fixed expenses, like rent or mortgage payments, remain constant regardless of usage.
Is administrative expense a fixed cost or variable?
Fixed
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.
Is telephone cost a variable cost?
No, telephone expense is an administration expense and administration expenses are not included in product cost so not a variable cost in the sence of product cost.
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 Variable Mortgage used For?
Variable mortgage is used for things that involve mortgage such as a house. Every time the prime rate changes, so does the mortgage, therefore the mortgage is variable.
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 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.
What expenses listed is a variable expense?
A variable expense is a cost that can fluctuate based on usage or consumption. Examples of variable expenses include groceries, utility bills, and entertainment costs, as these can change from month to month depending on individual choices and consumption levels. In contrast, fixed expenses, like rent or mortgage payments, remain constant regardless of usage.
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.
What is the difference between a fixed second mortgage and one with a variable rate?
The difference between a fixed second mortgage and one with a variable rate is that fixed second mortgage has a fixed rate and is commonly thought of as safer than a mortgage with a variable rate.
What does an FHA borrower's housing expense include?
You mortgage princple and interest, property taxes (city and stae if applicable), fha mortgage insurance, home owners insurance and any fees due for a community (home owners asociations).
Is administrative expense a fixed cost or variable?
Fixed
Which of these is an example of a variable expense?
Utilities
Is tithing an acceptable monthly expense when being considered for mortgage loan modification?
Is tithing an acceptable monthly expense when being considered for mortgage loan modification?
