Question

variable expenses include all of the following except question 3 options: clothing. insurance. food. gas. automobile maintenance.

Answer 1

Insurance is not considered a variable expense because it is typically a fixed cost with consistent premiums, unlike clothing, food, gas, and automobile maintenance which can fluctuate.

Step-by-step explanation:

The question asks which item is not considered a variable expense. Variable expenses fluctuate with usage or consumption and typically include costs such as clothing, food, gas, and automobile maintenance. However, insurance is not generally considered a variable expense because it tends to be a fixed cost that does not change month-to-month in the same way that costs for clothing, food, gas, and automobile maintenance might. Insurance premiums are often the same amount each period unless there is a change in the policy or coverage.

Answer 2

The correct option is b.

The exception is insurance, as it is typically a fixed expense with set premiums, unlike the other options that can vary month to month.

Variable expenses are costs that can change or vary from one period to another, typically influenced by your choices and needs. To identify the exception among the options provided, let's go through each one step by step:

A. Clothing - Variable expense: Your spending on clothing can vary depending on your personal preferences, seasonal needs, and shopping habits.

B. Insurance - Typically a fixed expense: Insurance premiums are usually set for a specific period (e.g., monthly, quarterly, annually), and they don't typically change on a monthly basis based on your usage or choices. Therefore, this could be the exception.

C. Food - Variable expense: Your spending on groceries and dining out can fluctuate from month to month based on your food choices, family size, and dining habits.

D. Gas - Variable expense: Gasoline expenses can vary depending on how much you drive and the current price of gas.

E. Automobile maintenance - Variable expense: Maintenance costs for your vehicle can vary depending on the condition of your car and how much maintenance is required in a given month.

So, the exception among the options provided is B. insurance, as it is typically considered a fixed expense.

The complete question is here:

Variable expenses include all of the following except:

A. clothing

B. insurance

C. food

D. gas

E. automobile maintenance