Clothing C. Entertainment D. Food Weegy: Rent is an example of a fixed expense. 1 1 + Fixed expenses + Profits b. Which of the following is a good way to improve your credit score? The calculations for sales commissions and delivery expense, followed by the selling expenses budget, are shown in the following … These costs, such as depreciation expense, property tax expense and insurance expense, cannot be changed during short periods of time and are only Definition of Static Budget. Some expenses can contain discretionary, variable, and fixed categories. a. There are several methods of depreciation, which can result in differing charges to expense in any given reporting period. C. variable costs increase in total. Fixed costs are not permanently fixed; they will change over time, but are fixed, by contractual obligation, in relation to the quantity of production for the relevant period. Which of the following account records would have the most current balance? Percentage of Margin of Safety can be calculated in which one of the following ways? On the income statement, which of the following would be classified as a variable cost? B. work in process inventory. They remain constant for a … The term “fixed expenses” can be used in reference to either personal or business finances. Expense Ratio: The expense ratio is a measure of what it costs an investment company to operate a mutual fund . C. finished goods inventory. D. the fixed costs will remain the same, but the variable cost per unit may change. Office salaries c. Property taxes d. Depreciation 74. Which of the following are assumptions for break-even analysis? More specifically, assign the following costs to a fixed asset: Purchase price of the item and related taxes. C) 8,500 units. Depreciation is one common fixed cost that is recorded as an indirect expense. Property taxes. This includes most types of employee salary with the exception of labor that is scaled up and down with business volumes. If you lose your job or aggressively want to start saving, you could devote a few hours to culling your fixed expenses. A fixed prepayment per person to the healthcare provider for an agreed upon array of services is which of the following? A) Property taxes B) Salary of plant manager C) Direct materials cost D) Straight-line depreciation Answer: C Difficulty: 1 19.1-12 A 15% increase in production volume will result in a: A) 15% increase in the variable cost per unit. a. Outside the relevant range, total fixed costs may change and/or variable costs per unit may change. Fixed Expenses – Definition, Examples and Lists. Inventory c. Carry Expense d. Depreciation Expense Which of the following is not a fixed cost? A. Fixed expenses divided by the contribution margin per unit is the break-even point in UNITS (not the break-even point in dollars). Promotion Expense b. User: Which of the following is an example of a fixed expense?A. D. All of these. a) A, B, C b) B, C, D c) A, C, D d) A, B, D View Answer / Hide Answer D) 9,000 units. In contrast to a static budget, a company's sales department might have a flexible budget.In the flexible budget, the sales commissions expense budget would be stated as a percentage of sales. 52. Depreciation is used to gradually charge the book value of a fixed asset to expense. Apply for several credit cards. A. A master budget consists of a. an interrelated long-term plan and operating budgets. Chapter 19: Cost-Volume-Profit Analysis 19.1-11 Which of the following is NOT a fixed cost? D. Pay your bills on time. If a company is operating at the break-even point: a Its contribution margin will be equal to its variable expenses. Clothing C. Entertainment D. Food Fixed costs are also allocated in the indirect expense section of the income statement which leads to operating profit. Don't allow balances to get to zero. 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