31
Oct
Variable costs and expenditures are those that may change from one accounting period to the next. The most essential factor in determining these costs is the frequency with which you utilise the relevant products or services. For instance, if you drive your car more often, you will incur more variable costs, such as those for petrol and maintenance. Similar to how your variable cost for food might rise if you have guests staying with you for an extended period of time. However, fixed expenses like a mortgage or rent payment remain constant during the term of the loan or lease.…