Fixed expenses can vary too. In a review of your income statement for the period, you noticed a huge jump in your insurance expense. How would you address this variance and what steps might you need to take? Call the manager into your office who is responsible for the insurance line item and drill them for the reason why it is over budget. Immediately cancel the liability policy, if you notice that the rate increased. Then search for a new carrier. Review the activity in the account, and compare to the budget. Review the insurance invoices for errors, and discuss potential differences with the staff responsible for this budget item. Previous Next