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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?
Wiki User
∙ 13y ago
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.
Wiki User
∙ 13y ago
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Examples of semi variable direct costs?
An example of semi variable direct costs is wages. Since semi variable costs are partially fixed and variable, regular labor is fixed costs, as production rises and workers have overtime the overtime is considered the variable cost.
What are Employee wages are an example of?
variable cost
How is overtime pay calculated?
Example: Employee works a total of 55 hours during the week. The employee had 40 hours of "Regular Time" (sometimes called "straight-time") and 15 hours of "Overtime."
How is overtime pay usually calculated?
Example: Employee works a total of 55 hours during the week. The employee had 40 hours of "Regular Time" (sometimes called "straight-time") and 15 hours of "Overtime."
How is overtime pay calculated for a nonexempt employee?
Example: Employee works a total of 55 hours during the week. The employee had 40 hours of "Regular Time" (sometimes called "straight-time") and 15 hours of "Overtime."
Assigning a value to a variable from a mathematical operation is considered a?
good idea. Example: a= b+c;
Can you work overtime?
Yes, employees may work overtime, whether authorized or unauthorized. However, employers can discipline an employee if he or she violates the employer's policy of working overtime without the required authorization. In California however, an employee should be compensated for any hours he or she is "suffered or permitted to work, whether or not required to do so." Thus, employers must pay overtime, whether authorized or not, at the rate of one and one-half times the employee's regular rate of pay for all hours worked in excess of eight up to an including 12 hours in any workday, and for the first eight hours of work on the seventh consecutive day of work in a workweek.
Can a pointer be considered a variable?
You can declare pointer-variables, if that's what you mean. Example: char *sample = "Sample";
What is a fluctuating workweek, and how does it affect overtime pay?
The fluctuating workweek is a method of calculating overtime when the number of hours you work fluctuates week-to-week. Does your work schedule vary from week to week? If so, your employer may be paying you on a “fluctuating workweek” basis. Your Ohio Unpaid Overtime attorneys explain everything you need to know to ensure you are being paid overtime at the correct rate. Under the Fair Labor Standards Act (FLSA), employers generally must pay their hourly-paid employees overtime, at a rate of one-and-one-half times the employee’s regular hourly rate, for all hours worked over 40 in a workweek. Many employees are paid by the hour, so an overtime calculation is simple – the employee’s hourly rate is multiplied by one-and-one-half to calculation the overtime rate. However, some employees are paid on different bases, such as salary, commission, or piece-rate, and work a varying number of hours each week. Under the fluctuating workweek method,[1] a non-exempt employee will receive a set weekly salary regardless of how many hours he or she works, plus an additional amount as overtime pay for all hours worked over 40 per workweek. For all overtime hours, the employee receives an additional “half time” hourly rate. For example, if an employee receives a weekly salary of $800 per week, they will receive this amount regardless of whether they work 20 hours or 40 hours per week. If, however, the employee works 50 hours per week, they will receive their $800 weekly salary plus overtime pay for 10 hours of overtime. The employee’s regular rate of pay in this example is $16 per hour ($800 weekly salary divided by 50 hours worked). Thus, in addition to their $800 per week salary, the employee receives an additional $80 as overtime pay (half-time rate of $8.00 per hour x 10 overtime hours). If you believe that you are not being paid overtime correctly or have other questions related to you wages or employment, reach out to your Columbus Unpaid Overtime Lawyers today for a free consultation. Mansell Law LLC Columbus Employment Attorneys
What is variable and example of variable?
An variable in science something that can be changed and example is facts and figures .
Is it legal to take away overtime hours that an employee worked?
It all depends on your compant's policy on overtime. If they state that overtime pay and work is not allowed, they can actually terminate you for working hours over your scheduled shift. If they allow overtime, they must pay you that time. Each state has different rules in regards to overtime pay, and I would check with your state agency. Also, a certain amount of days without a break (example 6 days in a row) as long as the hours work out to 40 per week, that extra day of work would not be counted as overtime.
What do you call the work done over time?
Work that "exceeds the usual hours worked" is simply called "overtime". An employee can have "overtime hours" that warrant "overtime pay". However, in some jobs, the hourly rate of pay applies to both usual number of hours worked and to "overtime". For example, if a dishwasher earns 7.00 per hour and has exceeded the usual number of hours he typically works, he will still only get 7.00 per hour for the extra hours.
