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 wage is an hourly pay, while a salary is a fixed amount of money you get no matter how many hours you work.
The two are nearly synonyms, except that "salary" is usually applied to a fixed payment (weekly, monthly, yearly) while wages usually applies to an hourly or daily payment.
A black ops agent doesn't have a fixed salary, instead they are paid based on the success or failure of their missions. Obviously failure can result in serious consequences such as death.
If salary is on per lecture basis then it is variable cost otherwise it is fixed cost.
its a fixed cost
Salary workers tend to get better benefits. They also get paid time off, which isn't always true for hourly workers. They don't have to punch a time clock. And the salary is a fixed amount every pay period, which makes it easier to set a budget. Usually people checking credit prefer to see a salary, which provides a consistant pay check without any fluctuations due to schedules changes and illness, etc. On the plus side, hourly workers get paid for overtime.
A fixed compensation paid regularly for services.
Variable costs are costs that varies or are not fixed. Those are expenses that change in proportion to the activity of a business. Examples are: raw materials (when the activity is decreased, less raw materials are used), transportation costs.However, its distinction as variable or fixed may vary on different organizations or situations. A salary of a regular employee is fixed, while salary of an hourly employee is variable.Some expenses also have fixed and variable elements. These are called semi-variable costs. Electricity may be fixed on some organizations, but may vary depending on their activity.
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.
Salary. It is a fixed expense.
The most common ways to be compensated are either a fixed salary that is paid either weekly or biweekly, hourly wages for the amount of time the job took, or a set price to do a single job.
Fixed at 400k
No, salary and wage are not the same thing. A salary is a fixed amount of money that an employer agrees to pay an employee per year, for doing a specific job. For example, someone is hired to be an bookkeeper and is paid $50,000/year. Wages usually refer to an hourly rate of pay, and therefore they are not fixed; they depend upon the number of hours worked. For example, a person could be hired to load trucks for $15/hour. If he works for 3 hours, he earns $45.
Salary is defined as a fixed regular payment made by an employer to an employee. This can be biweekly or monthly depending on the agreed terms.
I would suggest that a possible fixed cost would be the salary of the owner.
salary refers to the fixed amount paid on a weekly, bi weekly, or monthly basis
Labor costs can be considered fixed, variable or both depending on the business. If workers are hourly (e.g., factory workers, delivery drivers, etc.), labor is generally considered variable. If workers are on an annual salary, but are hired and fired based on production needs (e.g., floor managers, plant managers, etc.), labor can be considered variable. If workers are on an annual salary, but are not hired and fired based on production needs (e.g., Chief Financial Officer, Director of Operations, etc.), labor can be considered fixed.
It varies as in essence barristers are "self employed" however working for the CPS or CDS you would receive a fixed salary.