Discuss the Various Types and Sources of Input into the HRM/payroll

question 47

Essay

Discuss the various types and sources of input into the HRM/payroll cycle.

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Definitions:

Step-Fixed Costs

Costs that remain constant for a certain level of activity, but can change to a different amount when a certain threshold is exceeded.

Relevant Range

The scope of activity within which the assumptions about fixed and variable cost behavior hold true.

Relevant Range

The scope of activity levels within which assumptions about variable and fixed cost behaviors hold true for management decision-making.

Fixed Costs

Expenses that do not change with the level of output or sales, including rent, salaries, and insurance premiums.