Fixed variable discretionary

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WebJun 24, 2024 · Fixed costs are expenses like rent and property taxes that a company has to pay, regardless of how many units it produces. Within the category of fixed costs, there … WebKnowing the difference between fixed and variable expenses is an essential step toward understanding your budget. Let’s take a closer look at both types of expenses and how you can save money on each. ... Discretionary expenses are “extras” that exceed people’s basic needs and wants. This type of expense includes luxury items such as ...

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WebUtility cost is a mixed cost with both fixed and variable components. Using the high-low method, the cost formula for utility cost is: Y = $4,000 + $0.50 X Y = $1.00 X Y = $1.25 X Y = $1,500 + $1.25 X A Management believes that maintenance cost is a mixed cost that depends on machine-hours. WebDiscretionary Variable Costs Variable costs that can be changed or avoided relatively easily in the short run at management discretion Fixed Costs Costs that, in total, are constant within the relevant range as the level of output increases or … greatest shogun of japan

How to Create and Manage a Budget – Household …

WebJan 29, 2024 · Fixed committed expenses: These have a fixed monthly amount, such as your mortgage or rent. Variable committed expense: These vary from one month to the next month based on need, and would … Webfixed expense. A(n) _____-_____ _____ should account for fixed, variable, intermittent, and discretionary expenses based on income. zero based budget. A budget doesn't tell … WebTwo specialized types of fixed costs are committed fixed costs and discretionary fixed costs. These classifications are generally used for long-range planning purposes and are covered in upper-level managerial accounting courses, so they are only briefly described here. ... Both fixed and variable costs can take on this stair-step behavior. For ... greatest shooter in nba history

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Chapter 6 Flashcards Quizlet

Weba. fixed costs, variable costs, and mixed costs Costs that remain constant in total dollar amount as the level of activity changes are called a. fixed costs b. variable costs c. mixed costs d. product costs a. fixed costs Which of the following activity bases would be the most appropriate for gasoline costs of a delivery service? WebJan 17, 2024 · Budgeting Discretionary, Variable, and Fixed Expenses Fixed Expenses. Fixed expenses are necessary ongoing costs that don't change in amount or frequency. They might arrive... Variable Expenses. Variable expenses are still necessary costs, but … greatest short speeches of all timeWebJun 28, 2024 · A discretionary expense is a cost that a business or household can survive without, if necessary. Discretionary expenses are often defined as nonessential spending. flipping crazy club

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Fixed variable discretionary

accounting 202 learnsmart chapter 1 Flashcards Quizlet

WebJul 31, 2024 · Fixed expenses cost the same amount each month. These bills cannot easily be changed and are usually paid on a regular basis, such as weekly, monthly, quarterly or from year to year. 1 It's much easier to budget for fixed expenses than it is to budget for a variable expense or discretionary expense . Typical household fixed expenses include: WebRent is a Fixed, Variable, intermittent, or discretionary expense? Fixed expense: Eating out is a fixed, variable, discretionary, or intermit ant: discrectionary: What does doing a budget do and help you do? 1. Show if you are overspending in an area 2. Remove the guilt and shame sometimes associated with a purchase and 3. Make your money go ...

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WebVerified answer. accounting. Brackett Insurance purchased $60,000 of 10% AMS bonds on January 1, 2024, at a price of 85 when the market rate of interest was 12%. Brackett intends to hold the bonds until their maturity date of January 1, 2038. The bonds pay interest semiannually on each January 1 and July 1. WebApr 6, 2024 · This week, we did see the lowest default-insured four-year fixed rate dip 15 basis points to 4.44 per cent. And on the uninsured side, some major banks have been …

WebApr 13, 2024 · What are Fixed and Variable Expenses? A fixed expense is a recurring cost that stays the same over time. Rent and mortgage payments, car loans, and insurance … Webdiscretionary expense A (n) _____ stays the same from month to month. fixed expense A (n) ______ should account for fixed, variable, intermittent, and discretionary expenses …

WebVariable costs are $14.00 per unit. If the break-even volume in dollars is $1,446,000, then the total fixed costs for the period are a. $433,800 b. $361,500 c. $1,446,000. d. $516,425 Feedback Risposta errata. La risposta corretta è: $433,800 Account analysis and engineering analysis will remain the methods of measuring cost behavior because ... WebDiscrete variable definition, a variable that may assume only a countable, and usually finite, number of values. See more.

WebDiscretionary fixed costs. Those fixed costs that arise from annual decisions by management to spend on certain fixed cost items, such as advertising and research ... 2 major differences between step-variable and fixed costs changing in large increments. 1. Step-variable costs can often be changed quickly if needed, fixed costs can usually not ...

WebJul 31, 2024 · Fixed expenses cost the same amount each month. These bills cannot easily be changed and are usually paid on a regular basis, such as weekly, monthly, quarterly or from year to year. 1 It's much easier to … greatest shortstop of all timeWebCommitted fixed cost; Committed variable cost; Discretionary fixed cost; Discretionary variable cost; Engineered cost; 2. Cost that has both a fixed and variable component is … flipping crazy club dayton ohioWebApr 13, 2024 · What are Fixed and Variable Expenses? A fixed expense is a recurring cost that stays the same over time. Rent and mortgage payments, car loans, and insurance premiums are typical examples of... flipping cpu coolerWebApr 11, 2024 · Variable expenses can include essential expenses as well as discretionary spending. For instance, if you get sick, then a doctor visit may be a necessity that you need to cover. flipping coursesWebFixed expenses occur in predictable amounts and are usually paid in monthly intervals. Periodic expenses also occur in predictable amounts and intervals, but are much less frequent (i.e. quarterly). Variable expenses … greatest shop everWebDiscrete Variable. Variables that can only take on a finite number of values are called "discrete variables." All qualitative variables are discrete. Some quantitative variables are … flipping couches for profitWebApr 11, 2024 · Biaya tetap terbagi menjadi dua jenis, committed fixed cost dan discretionary fixed cost. Contoh biaya tetap adalah sewa gedung, gaji karyawan, pajak, biaya asuransi, bea cukai (saat pengiriman produk ke luar negeri), pembayaran pinjaman, dan biaya lainnya yang mana biaya tersebut akan dibayarkan dengan jumlah yang sama … flipping couches