In the workers are paid on the basis of hourly daily weekly rate ........

Costing - Phase (I & II) Methods of Costing

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In__________ the workers are paid on the basis of hourly daily,weekly rate

time rate system

piece rate system

premium bonus system

emerson efficiency plan

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Explanation:

In time rate system the workers are paid on the basis of hourly daily, weekly rate. Under this method of wage payment, the workers are paid the wages on the basis of time. In this system of wage payment, the workers are paid the wages on the basis of time as, per hour, per day, per week, per fortnight or per month etc.