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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.
What of these is an example of a fixed expense?
A fixed expense is a cost that remains constant over time, regardless of changes in activity levels or usage. An example of a fixed expense is rent, as it is typically paid in a consistent amount every month. Other examples include insurance premiums and loan payments, which also do not fluctuate based on usage or consumption.
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 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.
What is a fixed variable expense?
A fixed variable expense refers to costs that can fluctuate but remain relatively stable over a specific period. While "fixed" typically implies that the expense does not change, in this context, it suggests that the expense can vary but generally stays within a predictable range. Examples include utility bills or subscription services, which may change from month to month but usually have a consistent baseline. Understanding these expenses helps in budgeting and financial planning.
Is a sells commission a variable expense?
If amount of sales commission is fixed and not base on number of units sold then it is fixed expense and vice versa.
Is rent an example of an fixed expense?
Yes normally rent is fixed expense and need to be paid even there is no production at all.
An item maybe termed inventory in one enterprise The same item may be termed fixed asset or expense in another enterpriseExplain and give at least 2 examples?
The purchase of a car in one business could be inventory for one business and a fixed asset to another business or expense.
Which of these is considered a fixed expense?
insurance
When is an expense called a fixed?
A fixed expense in one that is paid on a regular basis. Here are two examples. A mortgage on a property is normally a large debt that must be paid each month in order to keep that property. Another example is utility bills for water, gas, and electricity. These debts are also fixed ones that require payments for ongoing services.
Is interest expense a fixed cost?
yes
