are administrative salaries fixed or variable?
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Fixed costs will be similar to those in a manufacturing facility. Administrative wages, rent, property taxes and utilities are all going to be fixed. These will exist whether the retail store sells one item or thousands! So all business operations will have fixed and variable costs.
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Variable costs vary with increases or decreases in production. ... Wages paid to workers for their regular hours are a fixed cost. Any extra time they spend on the job is a variable cost.
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Updated July 02, 2020. A salaried employee is a worker who is paid a fixed amount of money or compensation (also known as a salary) by an employer. For example, a salaried employee might earn $50,000 per year.
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['Net Salary = 594,000 – (45,000 + 51,840)', 'Net Salary = 594,000 – 96,840.', 'Net Salary = 497,160.']
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Median Monthly Salaries 2017 In December 2017, the median weekly salary for Americans was $857, which equals $3,714 per month. Half of all workers earned less than this and half earned more. This figure represents some distinct differences between the median incomes earned by men and women.
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Basic salary is the amount paid to employees before any reductions or increases due to overtime or bonus, allowances (internet usage for those who work from home or communication allowance). ... If the appointment of an employee is made on a pay scale, the basic salary may increase every year. Else, it remains fixed.
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But what do you put for desired salary when the application asks for it? Ideally, you should either leave the desired salary field blank or put “negotiable.” If you can only insert numerals, set a realistic salary range based on your market value, like $45,000-$50,000.
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Labor is a semi-variable cost. ... Variable costs vary with increases or decreases in production. Fixed costs remain the same, whether production increases or decreases. Wages paid to workers for their regular hours are a fixed cost.
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Most employees get holiday pay at their basic daily or hourly rate. However, where variable hours employees are paid different rates for different hours worked or for different types of work, you will need to pay holiday pay equivalent to the employee's average pay in the previous 12 weeks.
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['Net Salary = 57,829 – (2,100 + 2,300)', 'Net Salary = 57,829 – 4,400.', 'Net Salary = 53,429.']
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Specifically, I have determined that for 2021 the across-the-board base pay increase will be limited to 1.0 percent and locality pay percentages will remain at their 2020 levels. This alternative pay plan decision will not materially affect our ability to attract and retain a well‑qualified Federal workforce.
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Fixed overhead costs are constant and do not vary as a function of productive output, including items like rent or a mortgage and fixed salaries of employees. Variable overhead varies with productive output, such as energy bills, raw materials, or commissioned employees' pay.
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median: What's the difference? An average salary or arithmetic mean is figured by selecting a group of people with Similar Profiles, adding up their salaries, then dividing this number by the total number of people in the group. A median is also known as the 50th percentile.
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Salaries are always discussed in either annual or hourly rates (e.g. $100,000 or $50/hour). It is never monthly.
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['Step 1: Multiply current salary with percentage of increment.', 'Step 2: Divide the result by 100.', 'Step 3: Then add the result with current salary.']
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Here there are two variables: your salary and the amount you spend. Independent variables are those which do not depend on other variables. Dependent variables are those which are changed by the independent variables. ... In our example salary is the independent variable and the amount you spend is the dependent variable.
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An early career Administrative Assistant with 1-4 years of experience earns an average total compensation of £17,823 based on 1,808 salaries. A mid-career Administrative Assistant with 5-9 years of experience earns an average total compensation of £18,203 based on 488 salaries.