IXL | Identify fixed and variable expenses

Mabel runs a dressmaking shop. After a customer orders a dress, Mabel buys the material for that dress.

Is the cost of the dress material a fixed expense or a variable expense?

fixed expense

variable expense

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Learn with an example

question

Scarlett signed up for a softball team. To help her get started, Scarlett's father bought her a glove, a bat, and a softball.

Is the money Scarlett's father spent on softball equipment a fixed expense or a variable expense?

fixed expense

variable expense

key idea

Your expenses are the money that you spend.

Expenses that you must pay regularly and are the same amount each time are fixed

expenses.

Expenses that you do not have to pay regularly or whose amount can change are variable

expenses.

solution

Scarlett's father bought the softball equipment to help Scarlett get started with softball. This happened one time. It does not happen on a regular schedule. So, the money Scarlett's father spent on softball equipment is a variable

expense.

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