fixed compnent
If salary is on per lecture basis then it is variable cost otherwise it is fixed cost.
Fixed
variable
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).
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.
A mixed cost will contain both a fixed and a variable component. It is used to predict how costs will fluctuate with a variable component.
You can split the mixed costs into the fixed and variable components using a scatter graph by assigning the fixed variable to the x axis and the variable component to the y axis.
Because the production manager's salary remains the same, regardless of the production level, this salary is a fixed cost, not a variable cost.
a fixed cost would be electricity bills and a variable costs would be paying employees a salary not wayes !
examples of fixed cost factory are salary, rent, electricity bills while variable cost are purchase of raw materials,
The difference between fixed overhead and variable overhead is that fixed overheads are the ones that do not change regardless and variable overheads are the ones that vary depending on the number of units that it produces. An example of fixed overhead is a managers salary.
selling expenses is a mixed costs. it is a mixture of both fixed and variable components. for example, in selling expenses in a retail shop; fixed costs are the employees salary. while variable cost will be their commission or bonus of the sale.