Under piece rate system of wage payment, payment is made according to the…………………

Related MCQs

• 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.
• Under Merrick’s multiple piece rate system, 120% of the ordinary piece rate is given to workers whose level of performance is between…........................of the standard output.
• Under Merrick’s multiple piece rate system, ordinary piece rate is given to workers whose level of performance is between…........................of the standard output.
• Taylors differential piece rate system provides for higher rate to …….workers.
• In time wage system, wages are paid according to the……………….
• In............................................, two piece rates are set for each job.
• 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……………….
• ………..is the cost which involves payment to outsiders.
• Out of pocket costs involve payment to …………………
• ………budget gives an estimate of the anticipated receipts and payment of cash during the budget period.