42. Any variable payments will simply be added to this expense amount. 4 - For each item listed, state whether a job order... Ch. Business In the context of business, a variable expense is most commonly an expense that rises with production levels. Under IFRS, all leases are treated the same; there is no operating versus finance distinction, and the expense pattern will be front-loaded. Previous question Next question Transcribed Image Text from this Question. Which of the following is an example of a variable expense? Which one of the following is most likely a variable cost? net income divided by total assets. A. 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. direct labor. Gift Gallery sold 2,000 zooglars during 2010. - Variable expense. Cell phone bill. An income statement indicates a profit but the budget may indicate a loss. left over from your monthly paycheck after deductions. answer choices . 1 Answer. Rental Payments C.) Groceries D.) Health Insurance. Moab Inc. sold another machine for a note payable in four annual installments of $15,000. it. If sales are $30,000 there will be a credit card expense of $900. Answer. See the answer. The credit card processor charges the business a fee of 3% of the amount charged. Recreation expenses such as eating out, concerts, etc. 7 years ago. The following are guidelines for budgeting with an irregular income except: _ Budgeting with an irregular income is no different than budgeting with regular income. Cash – Cash that is required for an immediate expense. which of the following is variable expense? Join Yahoo Answers and get 100 points today. 1 Answer to On the income statement, which of the following would be classified as a variable cost? Which of the following is a variable expense? "clock card" Moab Inc. sold stock it held for eight years for $3,350. Any expense which is varying with levels of production is a variable expense. What is a variable expense? Answer #1 | 11/12 2015 01:15 Groceries, since that is the one expense that varies from month to month. simplicitus. 4 - The following events occurred during March for... Ch. asked Sep 24, 2015 in Business by Avimaui. 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! 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. Which of the following is not a variable cost? total assets divided by owners’ equity. Which of the following is a variable expense? delivery costs. Favourite answer. accounting-and-taxation; 0 Answers. 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 … Get more help from Chegg. The first payment was received in the current year. Which of the following is an example of a variable component of a payroll system? Property operating expenses that increase and decrease in relatively direct proportion to changes in occupancy. net sales divided by total assets . 30 seconds . Best answer. The fuel for an airline is a good example of variable expense. 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. Question 3. Perishable foods, wages, raw materials, packaging, and utilities. Their monthly rent payment.D. SURVEY . Variable expenses also include strategic initiatives such as a project that is expensed. direct materials. Which of the following is an example of a discretionary fixed expense? depreciation - Answered by a verified Financial Professional 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. A variable expense is one that fluctuates each month. Movie tickets. Generally, you may have some semblance of control over how much you spend on something if it’s a variable expense. Their monthly cost of eating out at restaurants.C. a. hours worked b. Medicare tax rate c. rate of pay d. Social security tax rate ANS: A DIF: 1 OBJ: 05 47. Get answers by asking now. Question 15 4 pts Which of the following is a variable expense? Q. What of the following is an example of a tax? Which of the following statements is TRUE about startup capital? raw material O rent D insurance expense salaries . Which of the following is a variable expense? Examples of Fixed Expenses. answered Sep 24, 2015 by Andrea . A. direct labor B. depreciation on a factory building C. insurance on a building D. property taxes on a factory building 43. D) Monthly allocation for life insurance. answer choices . Student Loan Payments B.) To illustrate a variable expense, let's assume that a website business sells a product and requires that the customer use a credit card. Percentage of Americans living paycheck to paycheck: - 70%. An aid in internal control over payrolls that indicates employee attendance is a. Another example of a variable expense is a metered service, with fees which vary depending on how much of the service is used. B) Installment loan payment. Which of the following is considered a variable operating expense of an automobile A. C) Monthly train ticket for commuting to work. Let's assume that a retailer's monthly rent is $2,000. A gym membership A car payment Groceries Rent on an apartment? Lv 7. Direct Materials B. Variable Cost: A variable cost is a cost that varies depending on the level of output. rent. A) property taxes B) salary of plant manager C) direct materials cost D) straight-line depreciation expense. Answer #2 | 13/12 2015 12:53 Groceries since the amount of food you buy is not … Question 8 Which of the following is never included in product cost? (Select the best answer.) Finance Software for Variable Expenses . (BTW, it is also true that all of them are fixed expenses too. Startup. 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? Q. The monthly payment on the car loan. { B. Select: 1 an or Save Answer â–¡ R&D Expense â–¡ Depreciation Expense â–¡ Direct Material Expense Promotion Expense And why A. Direct Materials Variable Selling Expense O Direct Labor Fixed Factory Overhead. Groceries. 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. 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. 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. Ch. An example of a variable expense is a(n) A) Mortgage or rent payment. variable expenses. Which of the following is a variable expense for many adults?A. for each balance, indicate the exchange rate that would be used if a translation is made under the current rate method. - Guilt - Overspending-Management by crisis. Answer and Explanation: Isn't the empty set wonderful? What is take-home pay? Answer for question: Your name: Answers. The equity multiplier is calculated as: Answer. Maintenance. 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. Still have questions? Which of the following is a variable cost? But they may also represent some of the necessities in your budget, too. Answer Save. A written budget, if followed, removes_ from your finances? Lease expense is classified as an operating expense. Health insurance. net income divided by owners’ equity. It originally bought the machine two years ago for $44,000 and has claimed $9,600 in depreciation expense against the machine. 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. SURVEY . Therefore, in a month when sales are $10,000 the business will have a credit card expense of $300. Cost control is the practice of identifying and reducing business expenses to increase profits, and it starts with the budgeting process. 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. 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 Join. Tags: Question 6 . Some personal finance software lets you set a different amount from month to month for expenses that vary. Discretionary fixed expenses B. The amt. This problem has been solved! Home maintenance costs such as light bulbs, cleaning … 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." Positive: 66.666666666667 %. Their monthly payment for health insurance.B. Ask question + 100. The following are common examples of variable business and personal expenses. You can define variable expenses as the costs that change month to month, depending on quantity or usage. Can't explain that well, hope I helped! :-) 0 0. Show transcribed image text. 4 - A movie production studio incurred the following... Ch. Depreciation C. Rent expense D. Property Taxes 2. A. Rental payments. Rental payment. 4 - The following data summarize the operations during... Ch. Student loan payments. This expense is directly related to sales. Which of the following is NOT a fixed expense? 30 seconds . E) Electric bill. 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