Business accounting .. by unknow

Author:unknow
Language: eng
Format: epub
Tags: Accounting
Publisher: New York : The Rowland press company
Published: 1920-03-25T05:00:00+00:00

REVIEW QUESTIONS

1. What is the day-rate system of wage payment?

2. What is the piece-work system? What are its advantages and

disadvantages ?

3. How are piece-work rates fixed?

4. If an operative receives 30 cents per hour and under the most

favorable conditions can do one piece in four minutes, what would the proper piece-work rate be? Allow 10% of each hour for rest. Increase hourly rate one-third.

5. How does the differential piece-work system operate? Illus-

trate. What are its advantages and disadvantages?

6. What are the peculiar features of the Gantt system of paying

wages ?

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