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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)
