Under which method of wage payment the wages are paid to the worker according to number of pieces ma...........

Costing - Phase (I & II) Basics of Cost Control and Analysis

Under which method of wage payment, the wages are paid to the worker according to number of pieces manufactured irrespective of the duration of time taken by the worker?

Time Wage system

Piece Wage system

Taylor’s Differential Piece Wage system

None of the above

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Explanation:

Piece Wage system= Under this method of wage payment, the wages are paid to the worker according to number of pieces manufactured irrespective of the duration of time taken by the worker.

Wages= Actual number of pieces manufactured x Standard Rate of Wages per piece