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Although labor is typically viewed as a variable cost in the very short run, some labor costs may be fixed. Which of the following items represents an example of a fixed labor cost?A) An hourly employee.B) A temporary worker who is paid by the hour.C) A grad student in a NSF project.D) A salaried manager who has a three-year employment contract.

Answer :

Answer:

D.

Explanation:

If he already has a fixed salary and a three-year employment then the variable is fixed

An example of a fixed labor cost is a salaried manager who has a three-year employment contract.

A VARIABLE cost is a cost that varies with the production. This is quite different from the FIXED COST that is fixed regardless of production.

In this case, since the worker has a three-year employment contract, his salary is fixed for the three years.

In conclusion, the answer is salaried manager who has a three-year employment contract.

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