1. in your own words, explain the difference between a fixed expense and a variable expense.
1. in your own words, explain the difference between a fixed expense and a variable expense.
Answer
Brief Explanations:
A fixed expense remains constant in amount regardless of business - related activities, like rent. A variable expense changes in proportion to business activity levels, such as raw material costs for production.
Answer:
A fixed expense is an expense that stays the same in amount over time, regardless of the level of business activity. A variable expense is an expense that varies in amount depending on the level of business activity.