ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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fixed expense
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expected expense
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unexpected expense
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variable expense
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Detailed explanation-1: -Examples of Variable Expenses Some examples of variable costs include: Food costs, such as groceries and dining out. Clothing. Gasoline.
Detailed explanation-2: -Variable costs are any costs that are tied to the volume of crude that a refinery processes, in contrast to fixed costs which are not volume dependent. Typically in a refinery, these include energy, catalysts, and chemicals.
Detailed explanation-3: -Variable costs are any expenses that change based on how much a company produces and sells. This means that variable costs increase as production rises and decrease as production falls. Some of the most common types of variable costs include labor, utility expenses, commissions, and raw materials.
Detailed explanation-4: -Packaging costs. Utilities, like electricity and water. Credit card and bank fees. Hourly wages and direct labor. Shipping costs. Raw materials. Sales commissions. 21-Feb-2023