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When it comes to budgeting, which of the following is considered a fixed expense?

Which of the following is considered a fixed expense?

Typical fixed expenses include car payments, mortgage or rent payments, insurance premiums and real estate taxes. Typically, these expenses can’t be easily changed.

What is an example of a fixed expense?

While these fixed costs may change over time, the change is not related to production levels but rather new contractual agreements or schedules. Examples of fixed costs include rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.

Which expense is considered a fixed expense Brainly?

Answer: like rent or mortgage, a fixed expense is an expense that will be the same total amount regardless of changes in the amount of sales, production, or some other activity.

What is not considered a fixed expense?

There are two types of expenses: fixed expenses and non-fixed expenses. Fixed expenses are those that you can be sure of every month, such as your mortgage or car payment. Non-fixed expenses are variable expenses that can fluctuate from month-to-month.

Is Internet a fixed expense?

Some examples of fixed costs include: Rent. Telephone and internet costs.

What are the 4 types of expenses?

You might think expenses are expenses. If the money’s going out, it’s an expense. But here at Fiscal Fitness, we like to think of your expenses in four distinct ways: fixed, recurring, non-recurring, and whammies (the worst kind of expense, by far). What are these different types of expenses and why do they matter?

Is food a fixed expense?

Fixed expenses are your weekly, monthly, or annual bills that don’t fluctuate. These include things like mortgage or rent payments, car payments, insurance premiums, utility bills, and the average amount you spend on groceries.

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Is rent a fixed expense?

Fixed costs remain the same regardless of whether goods or services are produced or not. The most common examples of fixed costs include lease and rent payments, utilities, insurance, certain salaries, and interest payments.

What are three examples of variable expenses?

What are Examples of Variable Costs?

  • Direct materials. The most purely variable cost of all, these are the raw materials that go into a product.
  • Piece rate labor.
  • Production supplies.
  • Billable staff wages.
  • Commissions.
  • Credit card fees.
  • Freight out.

Which expense is considered an unexpected expense?

Unexpected expenses are those expenses you did not see coming. An example would be going for your inspection of your car and not passing because there is something that must be repaired. This is something that can be included in your budget as part of your savings plan.

Which expense is considered a fixed discretionary expense?

A fixed expense is a period-specif expense, which means is and expense you paid over a fix time. If you think about, the definition of “fixed, discretionary expense” fits an entertainment subscription perfectly; therefore a music subscription service fee is a fixed, discretionary expense.

Is housing a fixed or variable expense?

The definition of fixed expenses is “any expense that does not change from period to period,” such as mortgage or rent payments, utility bills, and loan payments. The amounts may vary slightly, which may be the case with utilities, but you know they are due on a regular basis.

Is a phone bill a fixed expense?

Fixed expenses are consistent and expected bills you pay each month, such as a mortgage or rent, a cellphone bill and a student loan payment. Car insurance, home insurance and life insurance are also fixed payments, along with your monthly electric and water bills.

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Is clothing a fixed expense?

You could also switch to a cheaper car or health insurance plan or pick an alternative homeowners or renters insurance plan to reduce your fixed expenses. What Are Variable Costs? Variable costs are unfixed, discretionary costs that include gas, clothing, entertainment, pet supplies and dining out at restaurants.

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