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
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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