To identify the variable expenses in your budget, take a look at your last 3-6 months of spending and identify which categories are consistent, and which change! Get answers by asking now. Tags: Question 6 . The equity multiplier is calculated as: Answer. Under IFRS, all leases are treated the same; there is no operating versus finance distinction, and the expense pattern will be front-loaded. Maintenance. Lv 7. A. Select: 1 an or Save Answer â–¡ R&D Expense â–¡ Depreciation Expense â–¡ Direct Material Expense Promotion Expense (Select the best answer.) Q. asked Sep 24, 2015 in Business by Avimaui. - Variable expense. :-) 0 0. 4 - The following data summarize the operations during... Ch. Cell phone bill. A fixed expense is an expense whose total amount does not change when there is an increase in an activity such as sales or production. Perishable foods, wages, raw materials, packaging, and utilities. What of the following is an example of a tax? Which of the following is an example of a discretionary fixed expense? Question 15 4 pts Which of the following is a variable expense? See the answer. Answer. What is take-home pay? An income statement indicates a profit but the budget may indicate a loss. It originally bought the machine two years ago for $44,000 and has claimed $9,600 in depreciation expense against the machine. Health insurance. All of them and none of them. Generally, you may have some semblance of control over how much you spend on something if it’s a variable expense. Percentage of Americans living paycheck to paycheck: - 70%. Question 3. 4 - Rulers Company is a neon sign company that... Ch. This problem has been solved! Still have questions? Let's assume that a retailer's monthly rent is $2,000. Which of the following is considered a variable operating expense of an automobile A. Which of the following is not a variable cost? Some of the common examples of variable expense are the following: Advertising; Product creation – amount involved in the creation of the product or to purchase inventory. 4 - The following events occurred during March for... Ch. Which of the following is an example of a variable expense? Relevance. The first payment was received in the current year. The monthly payment on the car loan. Another example of a variable expense is a metered service, with fees which vary depending on how much of the service is used. Ch. A. Student loan payments. variable expenses. 0 votes. To illustrate a variable expense, let's assume that a website business sells a product and requires that the customer use a credit card. answered Sep 24, 2015 by Andrea . A) property taxes B) salary of plant manager C) direct materials cost D) straight-line depreciation expense. Gift Gallery sold 2,000 zooglars during 2010. Movie tickets. Moab Inc. sold stock it held for eight years for $3,350. Positive: 66.666666666667 %. Favourite answer. The amt. Answer and Explanation: Ask question + 100. The following are common examples of variable business and personal expenses. Answer #1 | 11/12 2015 01:15 Groceries, since that is the one expense that varies from month to month. Internet service. Previous question Next question Transcribed Image Text from this Question. Q. Rental payment. A written budget, if followed, removes_ from your finances? B) Installment loan payment. Any expense which is varying with levels of production is a variable expense. it. Rent B. Groceries C. Wages D. Car insurance Worth 35 points See answer lulukins lulukins I believe Groceries is since groceries can be changed and prices can be altered more easily than the other three options. Cash – Cash that is required for an immediate expense. Which of the following is a variable cost? Tags: Question 7 . Home maintenance costs such as light bulbs, cleaning … The following are guidelines for budgeting with an irregular income except: _ Budgeting with an irregular income is no different than budgeting with regular income. Variable costs often make up the spending decisions you make every day, like the money you feed into a vending machine or spend on rideshare trips. 1 Answer to On the income statement, which of the following would be classified as a variable cost? Some examples of variable expenses you may have can include: Utility bills such as electric, gas and water; Food expenses; Salon expenses; Expenses for personal items and toiletries such as toothpaste, shampoo, etc. For example, with more production, expenses on raw materials will also increase. Any variable payments will simply be added to this expense amount. Student Loan Payments B.) Cost control is the practice of identifying and reducing business expenses to increase profits, and it starts with the budgeting process. Therefore, in a month when sales are $10,000 the business will have a credit card expense of $300. Answer Save. An example of a variable expense is a(n) A) Mortgage or rent payment. C) Monthly train ticket for commuting to work. Get more help from Chegg. simplicitus. rent. An aid in internal control over payrolls that indicates employee attendance is a. And why A. Join. Groceries. Depreciation C. Rent expense D. Property Taxes 2. Which of the following is NOT a fixed expense? Best answer. 1 Answer. which of the following is variable expense? A car is a variable expense having the following properties: Car payment ( fixed Expense) Maintenance and usage costs (variable) So in total it is a variable expense. You can define variable expenses as the costs that change month to month, depending on quantity or usage. Some personal finance software lets you set a different amount from month to month for expenses that vary. 4 - A movie production studio incurred the following... Ch. Which one of the following is most likely a variable cost? Variable expenses also include strategic initiatives such as a project that is expensed. net income divided by total assets. Direct Materials Variable Selling Expense O Direct Labor Fixed Factory Overhead. answer choices . a. hours worked b. Medicare tax rate c. rate of pay d. Social security tax rate ANS: A DIF: 1 OBJ: 05 47. Question 8 Which of the following is never included in product cost? A. direct labor B. depreciation on a factory building C. insurance on a building D. property taxes on a factory building 43. 7 years ago. But they may also represent some of the necessities in your budget, too. 30 seconds . Rental payments. Rental Payments C.) Groceries D.) Health Insurance. Expense Type Cost mortgage (monthly) $1,850.00 groceries (bi­weekly) $113.50 telephone (monthly) $96.80 credit card (monthly) $100.00 accounting 100 The following items are taken from the financial statements of the Postal Service for the year ending December 31, 2014: Accounts payable $ 18,000 Accounts receivable 11,000 Accumulated depreciation – equipment 28,000 { ( C. ) } A.) Answer for question: Your name: Answers. net sales divided by total assets . Which of the following is a variable expense for many adults?A. left over from your monthly paycheck after deductions. { B. Which of the following is a variable expense? Typical household variable expenses are the cost of household maintenance like painting or yard care, general expenses such as clothing, groceries, car maintenance and fuel, and electricity, gas and water." (BTW, it is also true that all of them are fixed expenses too. If sales are $30,000 there will be a credit card expense of $900. Which of the following is a variable cost? Variable Cost: A variable cost is a cost that varies depending on the level of output. A variable expense is a cost that changes significantly from period to period, such as week to week, month to month, quarter to quarter or from year to year. - Guilt - Overspending-Management by crisis. Can't explain that well, hope I helped! The following accounts are denominated in pesos as of december 31, 2015. for reporting purposes, these amounts need to be stated in u. s. dollars. net income divided by owners’ equity. 42. _____ are costs incurred for the acquisition of short-run activity capacity, usually as the result of yearly planning. direct labor. SURVEY . depreciation - Answered by a verified Financial Professional D) Monthly allocation for life insurance. Discretionary fixed expenses B. Direct Materials B. "clock card" E) Electric bill. Property operating expenses that increase and decrease in relatively direct proportion to changes in occupancy. C … Examples of Fixed Expenses. accounting-and-taxation; 0 Answers. Lease expense is classified as an operating expense. Get an answer to your question “Which of the following would be the best example of a variable expense ...” in Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.“Which of the following would be the best example of a variable expense ...” in … Expert Answer . Which of the following is a variable expense? Business In the context of business, a variable expense is most commonly an expense that rises with production levels. Moab Inc. sold another machine for a note payable in four annual installments of $15,000. Startup. Which of the following statements is TRUE about startup capital? a phone bill a utility bill sales commission a security deposit Question 16 4 pts Which of the following are reasons to generate a pro forma cash budget on a monthly basis? Join Yahoo Answers and get 100 points today. Other types of variable expenses can include things like plane tickets, car rental fees, and hotel rooms for people who travel, or purchases of goods like clothing, schoolbooks, and so forth. Both A and B} A.) delivery costs. Answer #2 | 13/12 2015 12:53 Groceries since the amount of food you buy is not … 4 - For each item listed, state whether a job order... Ch. raw material O rent D insurance expense salaries . for each balance, indicate the exchange rate that would be used if a translation is made under the current rate method. direct materials. A variable expense is one that fluctuates each month. Recreation expenses such as eating out, concerts, etc. Show transcribed image text. Their monthly payment for health insurance.B. The fuel for an airline is a good example of variable expense. answer choices . Which of the following is a variable expense? Finance Software for Variable Expenses . Their monthly cost of eating out at restaurants.C. A gym membership A car payment Groceries Rent on an apartment? 30 seconds . Isn't the empty set wonderful? 1. The words within a relevant or reasonable range of activity are normally added to the definition because at an extremely high volume or low volume, a change will likely occur. Their monthly rent payment.D. Which of the following is an example of a variable component of a payroll system? The credit card processor charges the business a fee of 3% of the amount charged. What is a variable expense? This expense is directly related to sales. SURVEY . total assets divided by owners’ equity. Never included in product cost an apartment B ) salary of plant manager c ) Monthly train ticket commuting. 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