Chapter 5
Slides in this set (1)
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- Methods of calculating payments for labour:
- Time rate
- Overtime
- Bonus
- Piecework
- Time rate - Based on payment for the amount of time spent working.
- Overtime - A time rate that is paid for time worked in excess of the normal contracted time.
- Bonus - An extra payment paid to employees as a reward for productivity.
- Piecework - Payment based on the number of items produced by the employee.
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- Elements of costing 2016 specification
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- Katie Start
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