Amount of variable expenses


Problem 1: Please define and explain the following type of expenses and give an example of a business activity from your profession that may change the amount of variable expenses with each definition.

a) Variable expense:

b) Fixed expense:

d) Semi variable or Mixed expense:

Problem 2: Please identify if you would assign each of the following accounts as fixed, variable, or mixed and why.

a) Revenue:

b) Rent:

c) Supplies:

d) Labor positions:

- RN bedside
- Respiratory therapist
- Charge Nurse
- Nurse Manager
- Why is it important to know and understand each classification during the budget process?

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Finance Basics: Amount of variable expenses
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