Answer:Fixed expenses are those that do not change regardless of the level of production or consumption. Variable expenses are those that change in proportion to the level of production or consumption.
Based on the table provided, the following expenses can be considered fixed:
$4,640
$10,304
$2,500
$3,998
These expenses could be considered fixed because they do not appear to be directly related to the level of production or consumption. For example, $4,640 could be tuition fees, which remain the same regardless of how many classes a student takes or how much they use campus facilities.
The following expenses can be considered variable:
$3,000
$700
These expenses could be considered variable because they may be directly related to the level of production or consumption. For example, $3,000 could be the cost of books, which may change depending on the number of classes a student takes. $700 could be spending money for daily needs like food, transportation, or entertainment, which would likely vary depending on how much a student spends.
In conclusion, the distinction between fixed and variable expenses is based on the relationship between expenses and the level of production or consumption. The expenses listed above have been categorized as fixed or variable based on this relationship.