Fixed Expense.
Expense that stays the SAME from month to month
.
What are fixed expenses?
Fixed expenses: These are
costs that largely remain constant, such as your monthly rent
. Variable expenses: These are costs that vary or are unpredictable, such as dining out or car repairs.
What is the best definition of a fixed expense?
Fixed expenses or costs are
those that do not fluctuate with changes in production level or sales volume
. They include such expenses as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.
What is a fixed expense easy definition?
Fixed expenses are
those expenses that stay the same regardless of your sales or business activity and can have a significant impact on your cash flow and budget
. Expenses like rent or mortgage, insurance, salaries, and some utilities fall into the category of fixed expenses.
Which is the best definition for a fixed cost quizlet?
Fixed costs are best defined as:
costs that do not vary with output
. … Assuming fixed costs are positive, over a range of output in which average total costs were constant, average variable costs would be rising as output increases.
What is a fixed expense example?
Common examples of fixed costs include
rental lease or mortgage payments, salaries, insurance, property taxes, interest expenses, depreciation
, and potentially some utilities.
What is a fixed expense kid definition?
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. … Rent. Property taxes (if paying monthly) Strata fee / condo fee.
What are the 4 types of 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).
Is groceries 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.
Is gasoline a fixed expense?
Gas is
a non-fixed expense
that most working people can't do without.
Which is an example of 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
. … Meanwhile, you always need to pay your electric, water, or any other utility bill, making it a fixed cost – a staple in your budget.)
Which is not a fixed cost?
Direct Materials cost
is the expense of the direct supplies and materials (raw materials) used in the product manufacturing. When the level of manufacturing is increased, the direct materials cost also increases. It is not a fixed cost.
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.
Which is a fixed cost quizlet?
A fixed cost is
a cost that in total remains constant as volume of activity changes
but on a per unit basis varies inversely with changes in volume of activity. … An example of a fixed cost is a supervisor's salary in relation to units produced.
Which costs are fixed costs quizlet?
What are fixed costs? Fixed costs are
costs that does not depend on the firms' level of output
. -These costs are incurred even if the firm is producing nothing.
Are there fixed costs in the long run explain briefly?
In the long run,
there are no fixed costs
. Efficient long run costs are sustained when the combination of outputs that a firm produces results in the desired quantity of the goods at the lowest possible cost. Variable costs change with the output.
