You’ll pay the fixed $100 no matter what, but the extra $20 is variable. Together, they make a mixed expense. Another example would be if you have a salesperson working on base salary plus commission.
You pay the same amount every month ... You can often edit down variable expenses. Here are some examples of variable ...
Govil explained that the rest of the employees would get variable pay based on individual business unit performance. “Variable pay for the quarter will be in line with what we did last quarter.