How do I group categorical variables in SPSS?
How do I make a grouped frequency table in SPSS?
How do I create a sub variable in SPSS?
Data Creation in SPSS
- Click the Variable View tab. Type the name for your first variable under the Name column.
- Click the Data View tab.
- Now you can enter values for each case.
- Repeat these steps for each variable that you will include in your dataset.
How do I combine two variables in SPSS?
How to Combine Variables in SPSS
- Pull Up Data. Go to “File” in the tool bar at the top of the page in SPSS.
- Add Variables Together. Click the “Transform” menu at the top of the window and select “Compute” from the drop-down menu to open the Compute Variable dialog box.
- Multiply Variables. Go to “Transform” in the tool bar at the top of the SPSS page.
Do repeat in SPSS?
DO REPEAT is a command for running other commands repetitively. SPSS DO REPEAT is often used for looping over (possibly new) variables. VECTOR with LOOP is an alternative way for doing so.
How do you calculate variables?
How is TVC calculated?
How to Calculate Variable Cost?
- The formula used to calculate the variable cost:
- Total Variable Cost = Total Quantity of Output x Variable Cost Per Unit of Output.
- Break-even point in units = Fixed costs / (Sales price per unit – Variable cost per unit)
How do I calculate mean?
The mean is the average of the numbers. It is easy to calculate: add up all the numbers, then divide by how many numbers there are. In other words it is the sum divided by the count.
What is fixed cost and variable cost with example?
Variable costs vary based on the amount of output produced. Variable costs may include labor, commissions, and raw materials. Fixed costs remain the same regardless of production output. Fixed costs may include lease and rental payments, insurance, and interest payments.
What is fixed cost example?
Fixed costs are usually negotiated for a specified time period and do not change with production levels. Examples of fixed costs include rental lease payments, salaries, insurance, property taxes, interest expenses, depreciation, and potentially some utilities.
Is salary a fixed or variable cost?
Wages paid to workers for their regular hours are a fixed cost. Any extra time they spend on the job is a variable cost. In a factory that makes dresses, the variable costs are the fabric and the labor used to make the dresses.
What is an example of a variable cost?
Examples of variable costs include a manufacturing company’s costs of raw materials and packaging—or a retail company’s credit card transaction fees or shipping expenses, which rise or fall with sales. A variable cost can be contrasted with a fixed cost.
What are the 3 types of expenses?
There are three major types of expenses we all pay: fixed, variable, and periodic.
Is rent a fixed cost?
Fixed expenses or costs are those that do not fluctuate with changes in production level or sales volume. They include such expenses as rent, insurance, dues and subscriptions, equipment leases, payments on loans, depreciation, management salaries, and advertising.
Which are the variable costs?
Examples of variable costs
- Direct materials. The most purely variable cost of all, these are the raw materials that go into a product.
- Piece rate labor.
- Production supplies.
- Billable staff wages.
- Credit card fees.
- Freight out.
Is labor a true variable cost?
The labor cost is considered a fixed cost. When you pay only for the number of hours worked on an as-needed basis – which is usually the case when hiring temporary or contract laborers or piece-workers – then it is considered a variable cost. It goes up or down with production.
Is direct labor a variable cost?
Since you will generally need to order more materials and pay for increased labor when you increase your company’s output, and purchase fewer materials and cut back on your employees’ hours when you slow production down, your direct labor and direct material costs are variable expenses.
What is an example of direct labor cost?
One example of a direct labor cost is the hourly salary of a quality assurance inspector adjusted to include healthcare benefits and short-term disability. Another example could be the annual salary of a welder who works on the production line of a steel parts manufacturing company.
How is labor cost calculated?
Calculate an employee’s labor cost per hour by adding their gross wages to the total cost of related expenses (including annual payroll taxes and annual overhead), then dividing by the number of hours the employee works each year. This will help determine how much an employee costs their employer per hour.
How do you calculate direct labor cost?
The labor cost per unit is obtained by multiplying the direct labor hourly rate by the time required to complete one unit of a product. For example, if the hourly rate is $16.75, and it takes 0.1 hours to manufacture one unit of a product, the direct labor cost per unit equals $1.68 ($16.75 x 0.1).
What is direct labor example?
Direct labor includes all employees responsible for producing a company’s products or services. Some examples of direct labor include quality control engineers, assembly line workers, production managers and delivery truck drivers.