Examveda
Examveda

Under which method the rate of wages are linked with the cost of living index?

A. Flat time rate

B. High day rate

C. Measured day rate

D. Graduated time rate

Answer: Option D

Solution(By Examveda Team)

Under Graduated time rate method the rate of wages are linked with the cost of living index. Under this method the rates of wages are linked up with the cost of living index. Thus, the rate per hour or day fixed initially goes on changing with the changes in the cost of living index.

This Question Belongs to Commerce >> Costing

Join The Discussion

Related Questions on Costing