Labor. Fixed rate for hours planned; variable rates for unscheduled overtime.
The means of determining interest rate. Money market account interest rates are variable and track the money market. Savings account interest rates are usually fixed.
Rent is the amount a person pays for hiring or using of someone else property or any belongings. While Rates this refers to the fixed amount that informs about the economic value of any product, services, assets etc.
The real answer is it depends, ultimately all costs are variable even those costs that would initially appear fixed. Take for example business rates, these are set for the year and will remain the same regardless of the change in volume of the output, however should the output need to rise above the capacity of the existing business premises additional premises or even new premises would need to be acquired and with it a new level of fixed cost. This is sometimes described as step fixed cost, i.e. the cost remains at the same level until a step change is required and then the costs are again fixed at this new level until another step change is required
The manufacturing overhead budget show the expected manufacturing over head costs for the budget period. The budget distinguishes between variable and fixed overhead costs. Companies fluctuate with production volume on the basis of the following rates per direct labor hour: indirect materials $1.00, indirect labor $1.40, utilities $0.40, and maintenance $0.20. Thus, for 6,200 direct labor hours budgeted indirect materials are $6,200 (6,200 x $1), and budgeted indirect labor is $8,680 (6,200 x $1.40). The company recognizes that some maintenance is fixed. The amounts reported for fixed cost are assumed.
what difference does interest rates being variable rather then fixed have on pension plans or home loans
The different types of loan interest rates available include fixed rates, variable rates, and hybrid rates. Fixed rates stay the same throughout the loan term, variable rates can change based on market conditions, and hybrid rates combine aspects of both fixed and variable rates.
Labor. Fixed rate for hours planned; variable rates for unscheduled overtime.
Variable gas rates can change based on market conditions and are typically lower initially but can increase over time. Fixed gas rates remain the same for a set period, providing stability but may be higher than variable rates during certain market conditions.
The way for somebody to find the best rate for a mortgage would be simply by shopping around. Make sure that when comparing interest rates, though, to always compare fixed rates to other fixed rates and variable rates to other variable rates.
ING offers lots of different rate for home mortgages. They offer both fixed and variable rates. Variable rates start at 5.41% and go as high as 6.07%. Fixed rates start at 4.09 and go as high as 5.39%.
Fixed interest rates on loans remain the same throughout the loan term, providing predictability in monthly payments. Variable interest rates can change based on market conditions, leading to fluctuating payments.
Small business loans can be offered at either variable or fixed rates. Fixed-rate loans have a set interest rate that remains the same throughout the loan term, while variable-rate loans have an interest rate that can change based on market conditions.
Fixed gas rates remain constant over a set period, providing predictability in bills. Variable rates fluctuate based on market conditions. Fixed rates are beneficial for stability and budgeting, while variable rates can offer savings during low market prices but may increase unexpectedly. Consider your risk tolerance and market trends to determine the best option for you in the long run.
If the rates are down when you lock into a fixed mortgage rate, than yes, absolutely there are savings. If the rates are high, it's typically better to go with a variable mortgage rate.
The main difference between fixed and variable APR is that fixed APR stays the same throughout the loan term, while variable APR can change based on market conditions. Fixed APR provides more predictability in monthly payments, while variable APR can lead to fluctuating payments. The impact on the overall cost of borrowing is that fixed APR offers stability and easier budgeting, while variable APR can result in lower initial rates but potentially higher costs over time if rates increase.
Student loan rates vary by the type of student loan, but can be either fixed or variable rate. Most federal student loans are fixed at 6.8% Private student loan rates are typically higher.