Business Studies, asked by mzumvu, 1 month ago

payment of gas bill based on the usage ian an example of? a) fixed expenses b) variable expenses c) income generating expenses​

Answers

Answered by death4
1

Explanation:

Gas is measured in megajoules per hour (MJ). Your bill will include total usage and how much it

Answered by arshikhan8123
1

Answer:

The correct option is (b)Variable expenses.

Explanation:

Variable expenses-

  • An expense that fluctuates in relation to production output or sales is referred to as a variable cost.
  • Variable costs rise in response to rising production or sales, and fall in response to falling output or sales.
  • Fixed costs, in contrast to variable costs, are unaffected by changes in production or sales volume.
  • You undoubtedly have some control over your spending when it comes to variable expenses. For instance, if you require clothing, you can cut prices by choosing to shop at consignment stores rather than paying more for name-brand products from more expensive retailers.
  • Examples-

Cost of electricity

Groceries

Gas and transportation costs

maintenance of vehicles

Oil or gas

Cost of clothing

Variable-rate loan payments

  • Formula,                                                                                                    Total Variable Cost  =  Total Quantity of Output X Variable Cost Per Unit of Output

Since, payment of gas bill is based on usage hence it is an example of Variable Expense.

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