Define the term Labour Cost? Discuss in brief the various methods of Remuneration.
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The term labor cost means the cost which is spent on labour ....
Remuneration is given under various methods
• Piece Rate System
• Time Rate System
• Halsey Premium Schem
• Rowan Premium Schem
• Mericks Multiple Piece Rate System
• Differential piece rate system.
Hope it will help you...
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