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∙ 15y agoFor permanent staff, Yes it is.
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Is wages of workers a fixed cost?
No
Are wages a fixed or variable cost?
wages are variable cost reason being is that wages are being used over and over again and does not remain constant.
Which is an example of a monthly fixed cost for s sandwich shop?
An example of a monthly fixed cost for a sandwich soap is the monthly rent or the wages that they pay monthly.
Is wages paid to a temporary personnel a fixed cost?
Yes. Variable cost varies with the activity of the business. Unless the wage given is in accordance with the activity level for e.g. piece rate, then it should be fixed cost.
Why direct production labor cost might be regarded as a fixed cost rather than as variable cost?
Direct labor wages are normally Variable costs, charged directly to the Production Cost Account, what is commonly called WIP. It is commonly held that direct labor wages change proportionally to the changes of the production level. In fact, however, hourly wages are only related to a time unit, not to pieces produced. True direct wages are piece-work wages, but very few industries pay their workers by unit of production. We should have the option to treat a direct labor wage as a fixed cost, just as salary is a fixed cost. Monthly or hourly, these payment are paid by time interval, not by production unit
The Statute of Workers was a measure to?
fixed wages and prices
When fixed cost treated as relevant cost?
Fixed cost become relevent cost when a particular decision affects the fixed cost of production. For Example: Before Decision fixed cost $100 After Decision Fixed Cost $120 so in this case fixed cost also becomes relevent for decision making.
Is wages a part of prime cost?
If wages are paid of those workers which directly related with the manufacturing or units then wages are part of prime cost otherwise it is part of conversion cost.
What are examples of fixed and variable cost in coffee shop business?
Fixed costs i.e. Rents, professional fees like insurances, licences, accountants legal support annual maintanance charges. variables will include the cost of the raw produsts to sell, cleaning materials, wages, utilities
Is capital a fixed cost?
capital is a fixed cost
What examples of typical fixed costs?
rent & staff wages
What are examples of typical fixed costs?
rent & staff wages
