4.10A Fixed and Variable Expenses (#13-24)

Jax buys his lunch at school every day. He spends $2.50

per day. Which type of expense if Jax's lunch?

• A. Fixed expense

• B. Variable Expense

Students can borrow money from a bank

in order to pay for college. Then, they will pay

the loan back each month. Which of the following

is a true statement about the loan payment?

• It is a variable expense because the cost

  will change each month.

• It is a fixed expense because the cost will not change.

• It is a fixed expense because students

  can usually pay off their loans in one year.

• It is a variable expense because student’s

  can choose not to pay the loan

Carlota gets her haircut and styled every three months. Carlota’s hair expenses are...

• fixed

• variable

Which of the following is an example

of a fixed expense?

• Danny has a phone and pays money

  toward his phone whenever he runs out of minutes.

• Sean has a phone and

  pays a monthly bill. He is on a 2-year contract

Which of the following is not an

example of a fixed expense?

• A Gym membership

• Car payment

• Health Insurance

• Nail Appointment

Mrs. Nan rides the bus to her job every day. She can choose to

buy two tickets each day or pay for a bus pass that costs $24 each month. Mrs. Nan decides to purchase the monthly bus pass. Is Mrs. Nan’s bus

pass an example of a fixed or variable

expense?

​ (a)  

• variable expense
• fixed expense

Every year, Miss Donna has to buy school supplies for her classroom. The cost of school supplies is...

• A variable expense because it is not a payment that occurs regularly.

• A fixed expense because she has to

  buy school supplies every year

Mr. Malcolm’s son goes to daycare at Kiddie Care Childcare.

He pays $675 each month. The daycare cost is a variable expense.

True or False

• A. True

• B. False

Junior pays $64 each month for his phone bill.

Is the phone bill a fixed expense or a variable expense​ ​?

• Fixed, because he can pay off the phone

  in a month.

• Variable, because the cost each month

  is different.

• Variable, because he only has to pay

  every other month

• Fixed, because the amount stays the

  same every month.

Roberto owns his own food truck restaurant. Which of the following is a fixed expense at his business?

• The cost of repairing equipment

  .

• The truck payment.

• The cost of food

• The cost of napkins