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Rent
food
car payment
electric bill
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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.
Is administrative expense a fixed cost or variable?
Fixed
A cell phone bill is usually an example of which of these?
Fixed expense plus a variable
What is an example of a fixed expense thats paid for with discretionary funds?
Budget items that remain the same month to moth is an example of a fixed expense that is paid for with discretionary funds. Discretionary fund is the money that is subject to one's own control.
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.
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.
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
What is an example of Fixed Expense?
The budget items that always have the same value over a given time period
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.
When is fixed cost relevant in decision making?
When there will be change in fixed cost of business then at that time fixed cost will be relevant cost For Example if acquiring new machinery will reduce the amount of fixed expense in that case fixed cost is also relevant.
Is health insurance an example of a fixed expense?
Only if the policy goes unchanged and the amount goes unchanged for the period of time that you're assessing the fixed expense for. A fixed expense is an amount that is payable, and that is the same amount each period. So if your health insurance policy is always $25 per week, than yes. But you must take into account that sometimes insurance companies increase rates, or your health insurance needs change as you get older, have a partner, have kids etc. I would only ever consider it a short term fixed expense. In business a fixed expense is generally that of overheads, such as rent etc.
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.
