what are piece rates what advantages and disadvantages are attributed to their use what principal govrn the determine of piece rate?
Answers
Answered by
0
Piece rate system pays wages according to the output produced by the workers. It encourages efficient workers.
Piece rate system gives incentives to the workers to adopt a better method of production for increasing their production and earning.
* Piece rate system helps the management to determine the exact labor cost per unit for submitting quotation.
* Piece rate system reduces per unit cost of production due to increased volume of production.
* Piece rate system requires less supervision cost.
Piece rate system gives incentives to the workers to adopt a better method of production for increasing their production and earning.
* Piece rate system helps the management to determine the exact labor cost per unit for submitting quotation.
* Piece rate system reduces per unit cost of production due to increased volume of production.
* Piece rate system requires less supervision cost.
Similar questions