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This question belongs to Commerce Costing
Costing
?

Time wages are paid on the basis of ________.

Answer & Solution
Correct Answer: Option A
Time wages are paid on the basis of actual 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. This system does not consider the production of the employees during this time.
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