they are important because you have to pay fixed and they are accountable. variable expenses are important because they can change your budget.
fixed expenses and variable expenses
it is the FIXED and VARIABLE it is the FIXED and VARIABLE expenses only not selling expenses.JOKE.this is a GUESS.haha
The term that represents budget items that change from month to month is "variable expenses." These expenses can fluctuate based on usage, consumption, or other factors, such as utilities, groceries, and entertainment. Unlike fixed expenses, which remain constant, variable expenses require careful monitoring to maintain an effective budget.
they are both inportant, because they both burn your money.
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.
A family budget generally reflects the family's income as well as the family's fixed and variable expenses. The fixed expenses will include food, rent and transportation costs.
You should include at least five categories in a budget: income, fixed expenses, variable expenses, savings, and debt repayment.
fixed expenses and variable expenses
it is the FIXED and VARIABLE it is the FIXED and VARIABLE expenses only not selling expenses.JOKE.this is a GUESS.haha
they are both inportant, because they both burn your money.
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.
Variable
fixed expenses do not change, variable expenses do.
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.
The flex in the flexible budget relates solely to variable costs such that it uses percentages of revenue for certain expenses. Flex budget is used rather that the usual fixed numbers to allow for an infinite series of changes in budgeted expenses that are directly tied to actual revenue incurred.
a. sales-net operation incomeb. sales-(variable expenses/contribution margin)c. sales-(fixed expenses/contribution margin ratio)d. sales-(variable expenses + fixed expenses)
A good way to start is to keep track of all the money you earn and spend over a period of time (at least a month), and break it down into fixed expenses such as rent, and variable expenses such as gas and food. Add up the fixed expenses, subtract that from your income, and whatever is leftover can be split among the variable expenses. A very good walkthrough with worksheets is linked below.