What are 5 fixed expenses?

Examples of Fixed Expenses

Rent or mortgage payments. Renter’s insurance or homeowner’s insurance. Cell phone service. … Student loan or car loan payments.

What are fixed expenses quizlet?

Fixed Expense. Expense that stays the same from month to month. Variable Expense. Expense that changes from month to month.

What are 5 examples of variable expenses?

Common examples of variable costs include costs of goods sold (COGS), raw materials and inputs to production, packaging, wages, and commissions, and certain utilities (for example, electricity or gas that increases with production capacity).

Is gas a fixed expense?

Utilities– the cost of electricity, gas, phones, trash and sewer services, etc. … However, utilities are generally considered fixed costs, since the company must pay a minimum amount regardless of its output.

Which example is a fixed expense quizlet?

A fixed variable expense is a cost that you pay every month, but the amount can change from month to month. (A good example of this is your electric bill. Your electric bill will be higher in the winter if you live in a colder climate and lower in the summer months.

Which of these is an example of a fixed expense quizlet?

Examples of fixed costs include straight-line depreciation, insurance, property taxes, rent, supervisory salaries, administrative salaries, and advertising. Unlike variable costs, fixed costs are not affected by changes in activity.

Which of the following expenses are usually fixed quizlet?

are amounts that you have to pay every month, no matter what. Rent, insurance, loan payments, and phone bills are usually fixed expenses.

Is snacks a fixed expense?

After school snacks are a fixed expense. A loan payment is a fixed expense. Every month, Jack’s mother pays the following expenses: the house payment, the club membership, the car payment, and the cost of food.

What is a fixed expense in math?

Fixed Cost refers to the cost or expense that is not affected by any decrease or increase in the number of units produced or sold over a short-term horizon. … Fixed cost is one of the two major components of the total cost of production. The other component is the variable cost.

Which of the following is an example of a fixed expense for a typical healthcare facility?

Fixed Cost

For instance, rent and malpractice premiums are common examples of fixed costs in medical practices. Other examples include capital expenditures, building maintenance, and utilities. A second example of fixed cost is staffing.

Is clothing a fixed expense?

What Are Variable Costs? Variable costs are unfixed, discretionary costs that include gas, clothing, entertainment, pet supplies and dining out at restaurants. Your electric bill is a variable expense, too, unless you’ve arranged to have even billing, where the payment doesn’t change from month to month.

What is fixed expenses and variable expenses?

Fixed expenses generally cost the same amount each month (such as rent, mortgage payments, or car payments), while variable expenses change from month to month (dining out, medical expenses, groceries, or basically anything you buy from a store).

Is food a fixed or variable expense?

Fixed costs include rent, mortgage, salaries, loan payments, license fees, and insurance premiums. These costs are easier to budget for when opening a restaurant because they don’t fluctuate much each month. Variable costs include food, hourly wages, and utilities.

What is fixed expenditure?

Fixed expenditure. These are important items of expenditure that involve the same amount of money being spent on a regular basis (weekly,ly monthly or annually). Since the expenditure is fixed, the payment is not dependent on usage.

Is Internet a fixed expense?

Fixed costs are predetermined expenses that remain the same throughout a specific period. … Some examples of fixed costs include: Rent. Telephone and internet costs.