_____________ Expenses Are Those Expenses That Vary with the Level

question 20

Short Answer

_____________ expenses are those expenses that vary with the level of sales.

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Definitions:

Expenses

Costs incurred by a business in the process of earning revenue, such as rent, salaries, and utilities.

Assets

Assets held by a business anticipated to deliver future economic advantages.

Expenses

Costs incurred in the process of earning revenue, including operational, administrative, and selling activities.

Cash

Money in the form of currencies that can be used immediately for transactions or as a medium of exchange.