Webdiscretionary expense A (n) _____ stays the same from month to month. fixed expense A (n) ______ should account for fixed, variable, intermittent, and discretionary expenses … WebTwo types of fixed costs Discretionary and commited Discretionary and committed fixed costs D: fixed costs that can be changed or avoided relatively easily in the short run at management discretion C: Fixed costs that cannot be easily changed Mixed costs Both fixed and variable costs
Fixed Vs. Variable Expenses: What’s The Difference?
WebMethod for determining cost behavior that is based on a manager's judgement in classifying each general ledger account as a variable, fixed, or mixed cost. Variable Costing Assigns only variable manufacturing costs to products. All fixed manufacturing costs (fixed MOH) are expended as period costs. Scatter Plot 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 … houzzcontemporashleyary bedroom dresser
The Difference Between Fixed Expenses and Variable Expenses - The Bal…
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: 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. 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 ... how many girl scout cookie boxes in a case