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In relation to total wage it is variable cost because as many hours you work as much you get but at other side wage rate with comparison to hour is fixed cost because it does not change from one hour to other hour.
For example: if somebody says that i will give you $10 per hour so now as many hour you will work you will get according to it.
But other side if somebody says that i will give you $10 per hour so whether you take an hour to complete a task or complete before that you will get $10 so in this sense you can say that it is fixed.
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Can fixed cost and variable cost be considered as Overhead cost?
Overhead is considered a fixed cost, even though it may vary somewhat according to the amount of activity.
What is the the variable costs plus the fixed costs?
Type your answer here... fixed cost + variable cost = total cost
What is variable overhead?
A cost that is not fixed.
What are the four measures of cost?
marginal cost, total cost, variable, and fixed cost
How do you write the equation for the accounting cost function?
Cost = Fixed + (variable x units)
Is a salesman's salary considered a fixed or variable cost?
variable
Is the salary of a psychiatrist a fixed or variable cost?
Variable if the psychiatrist is paid at a certain rate hourly or daily; fixed if the salary is fixed for a given period (i.e.) annually).
Is Wage payments a fixed cost or Variable cost?
Wages are generally based on an hourly rate, therefore they are generally a variable cost. Think for instance at a manufacturing business and the production of a specific product. A calculation can be made on the labour cost needed (budget), which will later be compared to actual cost incurred. These are generally based on a number of labour hours needed/used multiplied by an hourly rate. Salaries are generally considered a fixed cost.
Can fixed cost and variable cost be considered as Overhead cost?
Overhead is considered a fixed cost, even though it may vary somewhat according to the amount of activity.
Fixed cost variable cost equals?
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost
Is clerical salaries a fixed cost or variable cost?
its a fixed cost
Are hourly wages always considered a variable cost for example if an hourly employee does not work over-time why wouldn't their pay be considered fixed?
It isn't so much about what the employee *has* done or is *expected* to do as it is about what the employee *could* do. A fixed cost is one that you know is going to be there at the end of the period. As for the worker, you don't know he's going to be there for 40 hrs. He could quit, or die or be injured or suddenly laid off.
Is labor cost fixed or vriable cost?
Labor costs can be considered fixed, variable or both depending on the business. If workers are hourly (e.g., factory workers, delivery drivers, etc.), labor is generally considered variable. If workers are on an annual salary, but are hired and fired based on production needs (e.g., floor managers, plant managers, etc.), labor can be considered variable. If workers are on an annual salary, but are not hired and fired based on production needs (e.g., Chief Financial Officer, Director of Operations, etc.), labor can be considered fixed.
Why is gasoline considered a variable cost?
Because the price of gasoline changes quite often and is not a fixed cost.
Is a supervisor's salary a fixed or variable cost?
A supervisor's salary typically is considered a fixed cost. The salary of a supervisor typically would not be variable, unless there were other things involved, such as bonus pay.
What determines the difference between a variable and a fixed cost?
The relataionship of cost between the level of production is determine the fixed or variable cost if cost change with production level then it is variable cost otherwise fixed cost.
Is maintenance on production equipment a fixed variable or mixed cost?
fixed and variable
