How many rate are used to calculate wages under Taylor's differential piece rate system?
A. two
B. three
C. four
D. five
Answer: Option A
Solution (By Examveda Team)
Two rate are used to calculate wages under Taylor's differential piece rate system. Taylor's Differential Piece-Rate System was introduced by F.W. Taylor, who believed that the workers should be paid on the basis of their degree of efficiencies.Join The Discussion
Comments (3)
Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
Two
Below standard: basic piece rate
At or above std.: 120% of basic piece rate
option A is correct
Below the standard basic piece rate and
At or above the standard 120% of basic piece rate
answer is two