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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?
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.
What else can I help you with?
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."
When can a variable be considered independent and dependent give an example to illustrate your answer?
A variable is considered independent when it is manipulated or controlled in an experiment to observe its effect on another variable, which is deemed dependent. For example, in a study examining the effect of study hours (independent variable) on test scores (dependent variable), the number of hours studied is altered to see how it influences the test outcomes.
How is overtime pay often caculated?
Overtime pay is typically calculated by taking the employee's regular hourly wage and multiplying it by 1.5 for each hour worked beyond the standard 40 hours in a workweek. For example, if an employee earns $20 per hour, their overtime rate would be $30 per hour for any overtime hours. Some employers may also have specific policies or agreements that outline how overtime is calculated, including double time for certain holidays or extreme situations. It's important to refer to local labor laws, as regulations can vary.
What is an example of coercion?
An example of coercion is when an employer threatens to fire an employee unless they agree to work unpaid overtime. In this situation, the employee feels pressured to comply due to the fear of losing their job, demonstrating how coercion involves using threats or intimidation to force someone into a specific action against their will.
Which variable is also considered the independent variablez?
The independent variable is the variable that is manipulated or changed in an experiment to observe its effect on the dependent variable. It is often considered the cause in a cause-and-effect relationship. For example, in a study examining the impact of study time on test scores, the amount of study time would be the independent variable.
Which variable is also considered the independent variable?
The independent variable is the one that is manipulated or controlled in an experiment to observe its effect on another variable, known as the dependent variable. It is often considered the cause in a cause-and-effect relationship. For example, in a study examining the effect of different amounts of sunlight on plant growth, the amount of sunlight would be the independent variable.
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.
Assigning a value to a variable from a mathematical operation is considered a?
good idea. Example: a= b+c;
