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Classify each of the following personal expenses as either fixed or variable. In some​ cases, your...

Classify each of the following personal expenses as either fixed or variable. In some​ cases, your answer may depend on specific circumstances. If​ so, briefly explain your answer.

a.

Apartment rental

b.

Television cable service

c.

Cost of groceries

d.

Water and sewer bill

e.

Cell phone bill

f.

Health club dues

g.

Bus fare
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Answer #1
a. Apartment rental Fixed
b. Television cable service Fixed
c. Cost of groceries Variable
d. Water and sewer bill Fixed for 4 persons.
e. Cell phone bill Variable
f. Health club dues Fixed
g. Bus fare Fixed if it is a season ticket, other wise it is variable.
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