Please define and describe the following type of expenses and give an ex of a business activity from your profession that may change the amount of variable expenses with each definition.
a) Variable expense:
b) Fixed expense:
d) Semi variable or Mixed expense:
Please identify if you would assign each of the following accounts as fixed, variable, or mixed and why.
d) Labor positions:
- RN bedside
- Respiratory therapist
- Charge Nurse
- Nurse Manager
- Why is it important to know and understand each classification during the budget process?