Question 8 Which of the following is never included in product cost? And why A. Tags: Question 7 . To illustrate a variable expense, let's assume that a website business sells a product and requires that the customer use a credit card. Which of the following is an example of a variable expense? Answer Save. Some personal finance software lets you set a different amount from month to month for expenses that vary. B) Installment loan payment. Rental payments. What is a variable expense? Examples of Fixed Expenses. Variable Cost: A variable cost is a cost that varies depending on the level of output. Which of the following is a variable expense? 1 Answer to On the income statement, which of the following would be classified as a variable cost? Q. delivery costs. 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." Select: 1 an or Save Answer â–¡ R&D Expense â–¡ Depreciation Expense â–¡ Direct Material Expense Promotion Expense depreciation - Answered by a verified Financial Professional An income statement indicates a profit but the budget may indicate a loss. 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! 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. 4 - A movie production studio incurred the following... Ch. The credit card processor charges the business a fee of 3% of the amount charged. Previous question Next question Transcribed Image Text from this Question. What is take-home pay? A) property taxes B) salary of plant manager C) direct materials cost D) straight-line depreciation expense. 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? Get more help from Chegg. The fuel for an airline is a good example of variable expense. "clock card" direct materials. Cash – Cash that is required for an immediate expense. 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. All of them and none of them. The amt. Discretionary fixed expenses B. 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 … The monthly payment on the car loan. Their monthly cost of eating out at restaurants.C. Expert Answer . For example, with more production, expenses on raw materials will also increase. D) Monthly allocation for life insurance. See the answer. The equity multiplier is calculated as: Answer. Business In the context of business, a variable expense is most commonly an expense that rises with production levels. C) Monthly train ticket for commuting to work. Perishable foods, wages, raw materials, packaging, and utilities. 4 - The following data summarize the operations during... Ch. Tags: Question 6 . - 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. (BTW, it is also true that all of them are fixed expenses too. But they may also represent some of the necessities in your budget, too. The following are common examples of variable business and personal expenses. 1 Answer. A variable expense is one that fluctuates each month. Answer for question: Your name: Answers. 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. Direct Materials B. Any expense which is varying with levels of production is a variable expense. Movie tickets. 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. Which of the following is a variable cost? Which of the following is a variable expense for many adults?A. Cost control is the practice of identifying and reducing business expenses to increase profits, and it starts with the budgeting process. - Guilt - Overspending-Management by crisis. 7 years ago. Which of the following is not a variable cost? Home maintenance costs such as light bulbs, cleaning … simplicitus. 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. Let's assume that a retailer's monthly rent is $2,000. accounting-and-taxation; 0 Answers. Which of the following is a variable cost? Student Loan Payments B.) Answer #2 | 13/12 2015 12:53 Groceries since the amount of food you buy is not … Answer #1 | 11/12 2015 01:15 Groceries, since that is the one expense that varies from month to month. SURVEY . Another example of a variable expense is a metered service, with fees which vary depending on how much of the service is used. Lv 7. Which of the following is an example of a discretionary fixed expense? a. hours worked b. Medicare tax rate c. rate of pay d. Social security tax rate ANS: A DIF: 1 OBJ: 05 47. Percentage of Americans living paycheck to paycheck: - 70%. Answer and Explanation: Moab Inc. sold stock it held for eight years for $3,350. Join. This problem has been solved! total assets divided by owners’ equity. Cell phone bill. Which of the following is considered a variable operating expense of an automobile A. Lease expense is classified as an operating expense. Under IFRS, all leases are treated the same; there is no operating versus finance distinction, and the expense pattern will be front-loaded. C … Which one of the following is most likely a variable cost? Positive: 66.666666666667 %. Still have questions? direct labor. { B. Rental payment. it. 0 votes. Relevance. Gift Gallery sold 2,000 zooglars during 2010. rent. _____ are costs incurred for the acquisition of short-run activity capacity, usually as the result of yearly planning. raw material O rent D insurance expense salaries . Which of the following is a variable expense? Depreciation C. Rent expense D. Property Taxes 2. It originally bought the machine two years ago for $44,000 and has claimed $9,600 in depreciation expense against the machine. Rental Payments C.) Groceries D.) Health Insurance. Finance Software for Variable Expenses . (Select the best answer.) Which of the following statements is TRUE about startup capital? Question 3. 42. :-) 0 0. Both A and B} A.) left over from your monthly paycheck after deductions. An example of a variable expense is a(n) A) Mortgage or rent payment. Their monthly rent payment.D. 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. for each balance, indicate the exchange rate that would be used if a translation is made under the current rate method. net sales divided by total assets . answer choices . 30 seconds . This expense is directly related to sales. Ask question + 100. Favourite answer. Join Yahoo Answers and get 100 points today. Show transcribed image text. 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. 4 - Rulers Company is a neon sign company that... Ch. A. 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 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. asked Sep 24, 2015 in Business by Avimaui. Best answer. A written budget, if followed, removes_ from your finances? answer choices . 4 - For each item listed, state whether a job order... Ch. A. direct labor B. depreciation on a factory building C. insurance on a building D. property taxes on a factory building 43. The following are guidelines for budgeting with an irregular income except: _ Budgeting with an irregular income is no different than budgeting with regular income. Internet service. Maintenance. Question 15 4 pts Which of the following is a variable expense? variable expenses. Therefore, in a month when sales are $10,000 the business will have a credit card expense of $300. Q. Variable expenses also include strategic initiatives such as a project that is expensed. What of the following is an example of a tax? answered Sep 24, 2015 by Andrea . Get answers by asking now. 1. 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. You can define variable expenses as the costs that change month to month, depending on quantity or usage. Which of the following is an example of a variable component of a payroll system? net income divided by total assets. Ch. Groceries. net income divided by owners’ equity. Can't explain that well, hope I helped! Property operating expenses that increase and decrease in relatively direct proportion to changes in occupancy. 30 seconds . If sales are $30,000 there will be a credit card expense of $900. Which of the following is a variable expense? Health insurance. Isn't the empty set wonderful? 4 - The following events occurred during March for... Ch. A gym membership A car payment Groceries Rent on an apartment? { ( C. ) } A.) Moab Inc. sold another machine for a note payable in four annual installments of $15,000. E) Electric bill. Student loan payments. Their monthly payment for health insurance.B. Generally, you may have some semblance of control over how much you spend on something if it’s a variable expense. SURVEY . Recreation expenses such as eating out, concerts, etc. which of the following is variable expense? Direct Materials Variable Selling Expense O Direct Labor Fixed Factory Overhead. 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