WebDec 16, 2024 · Pet expenses; One note: Fixed expenses are not the same as necessities. For example, the mortgage on a $400,000 house is not a necessity, neither are $500 per month car payments, but they would be considered fixed expenses. Flexible expenses. A flexible expense is anything that you could change if you wanted to without a drastic … WebMar 17, 2024 · Fixed expenses are your predictable, regular costs, which tend to be large, like rent. Variable expenses can be estimated but not with certainty. ... The little bit you …
Flexible Expense Definition - Investopedia
WebJun 27, 2024 · In the context of business, a variable expense is most commonly an expense that rises with production levels. Variable expenses also include strategic initiatives such … WebJun 13, 2024 · Continuing our discussion with the above example, a flexible budget will increase or decrease according to the actual number of items produced, i.e., 69,000. It will adjust the elements of costs in proportion to the output generated. ... the flexible budget for sales commission expense will be set at $200,000 or $300,000 respectively. Some of ... medical term for redness of wound
Monthly Expense Sheet - 9+ Free Word, PDF …
WebMar 10, 2024 · Here are steps you can take to create a flexible budget: 1. Identify variable and fixed costs. The first step in creating a flexible budget is determining fixed costs and variable costs. Fixed costs don't change during business operations and typically include rent and monthly marketing costs. WebJun 1, 2016 · Examples of accrued expense items might be interest that has accrued on an outstanding note that has not been paid, and taxes that have accrued but not yet been paid. What is a flexible budget? WebFeb 26, 2024 · Grocery shopping is an example of a flexible expense. Various articles of clothing are examples of flexible expenses. The consumer has the option of … light royal blue code