Big points
part a: in two or more sentences, explain what a variable expense is and provide at least two examples.
part b: in two or more sentences, explain what a fixed expense is and provide at least two examples.

A) A variable expense is an expense that can change from month to moth or week to week. Two examples would be the amount of money spent on groceries every week, or going out to eat at a restaurant. Another example could be the monthly electric bill.

B) a fixed expense is a monthly or weekly expense that remains the same every time. Two examples of a fixed expense would be a car loan payment or the amount you pay for rent or mortgage payment.

➷ A variable expense is an expense that changes in proportion to the use of a certain produce or service. In other words, it is an expense that alters proportionally with production output.

Two examples of this are:

raw materials that go into a product

credit card fees

A fixed expense is an expense that stays the same regardless of changes in a form of activity. It will cost the same amount.

Two examples are:

mortgage

loan payments

➶ Hope This Helps You!

➶ Good Luck (:

➶ Have A Great Day ^-^

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