70.1k views
4 votes
Based on the table which college expenses would you consider fixed and which expenses would you consider variable? Why?

Based on the table which college expenses would you consider fixed and which expenses-example-1
User Insict
by
5.3k points

1 Answer

4 votes

9514 1404 393

Answer:

  • fixed: tuition, room, meals
  • variable: books, personal, transportation

Explanation:

"Fixed" expenses are ones that don't change. They stay the same from year to year. Those would include ...

Fixed

  • tuition and fees: $4640
  • room and board: $10,304
  • campus meal plan: $3998

"Variable" expenses are ones that change depending on circumstances. Those would include ...

Variable

  • books and supplies: $1500 to 2500
  • personal expenses: $3000 to 4600
  • transportation: $0 to 800
User Joepreludian
by
5.4k points