In time wage system, wages are paid according to the……………….

Related MCQs

• For a work order, standard time and time taken are 20 hours and 15 hours respectively. Time rate being Rs. 2 per hour, total wages payable under Rowan Premium Plan will be……………….
• Under piece rate system of wage payment, payment is made according to the…………………
• Wages paid to a labour who was engaged in production activities can be termed as.
• ………………is a technique of stock control which leads to saving of time of the management because attention is required to be paid only to some of the items rather than on all the items.
• Budget of indirect costs in the form of indirect wages, indirect material and indirect expenses in the factory is .
• Salary paid to general manager is an item of………………expenses.
• The quantity of material to be ordered at one time is known as…………
• The ordinary trading account is a locked storehouse of most valuable information to which cost system is the……………….
• Taylors differential piece rate system provides for higher rate to …….workers.
• Under Merrick’s multiple piece rate system, 110% of the ordinary piece rate is given to workers whose level of performance is between……. of the standard output.