Are wages period costs?

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yes

Is an hourly wage considered a fixed or variable cost?

Answer . 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 bec

What is a period cost?

Period cost is the cost which must be incurredby business and not influenced with the fact whether there is anyproduction or not in fiscal year.

Period when business activity slows and prices and wages fall?

A depression is a temporary slowdown characterized by reducedpurchasing power, massive unemployment, excess of supply overdemand resulting in falling prices, and a lack of con

Is a direct labor wages a prime cost?

Formula for prime cost is as follows: . prime cost = direct material + direct labor . So according to above mention formula yes it is prime costbecause whitout labor no unit

What is periodic cost?

Periodic cost is that cost which donot related with production ofunits and it must be incurred no matter production is done or notlike depreciation.

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 prod

How does minimum wage affect the cost of living?

A raise in the minimum wage causes a significant increase in the cost of living. Although less the 1/10 of 1% of people are paid just the minimum wage there are numerous emplo