If salary is on per lecture basis then it is variable cost otherwise it is fixed cost.
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).
fixed and variable
Total Costs = Fixed Cost + Variable Cost soVariable Cost = Total Costs - Fixed Cost.
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).
Because the production manager's salary remains the same, regardless of the production level, this salary is a fixed cost, not a variable cost.
examples of fixed cost factory are salary, rent, electricity bills while variable cost are purchase of raw materials,
If salary or wage of direct labor workforce is fixed irrespective of number of units manufactured by them then it is fixed cost other wise it is variable cost.
If salary or wage of direct labor workforce is fixed irrespective of number of units manufactured by them then it is fixed cost other wise it is variable cost.
a fixed cost would be electricity bills and a variable costs would be paying employees a salary not wayes !
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.
Fixed cost and variable cost is equal to total cost as per following formula: Total Cost = Fixed Cost + Variable Cost
its a fixed cost