Introduction This lesson provides a comprehensive overview of fixed and variable expenses, incorporating examples and exerises to Facilitate understanding among students. 1. Definition of Fixed and Variable Expenses: Fixed expenses are the costs that remain constant over specific period, regardless of production or sales volume. Variable expenses are costs that fluctuate based on business activityContinue reading “Train With Tanner Tuesday: Budgeting Basics (M3|L3): Understanding Fixed & Variable Expenses”