Multiple Choice Questions on Under Merrick rsquo s Multiple Piece rate system 110 of the ordinary piece rate is given to workers ........... for SEBI Grade A ( Officer) Exam Preparation

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Multiple Choice Questions

Under Merrick rsquo s Multiple Piece rate system 110 of the ordinary piece rate is given to workers ...........

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

    83% and 100%

    Correct Answer

    100% and 120%

    Incorrect Answer

    0% and 83%

    Incorrect Answer

    None of these

    Incorrect Answer
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    Explanation:

    Under Merrick’s Multiple Piece rate system, wages vary according to different levels of efficiency as follows:

    Efficiency Level                                 Piece rate applicable

    Below 83%                                         Normal piece rate

    83% to 100%                                     110% of Normal piece rate

    Above 100%                                      120% of Normal piece rate.

    By: Vikas Goyal
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