Among time basis and piece rate basis of wages payment which one will be beneficial for a less skilled worker, and why?

Q: Briefly explain the difference between an employee and an employer.

A: In commerce and entrepreneurship, the terms employee and employer are often used. Both terms are…

Q: Among time basis and piece rate basis of wages payment which one will be beneficial for a less…

A: Hi student Since there are multiple questions, we will answer only first question.

Q: How is the total payment under a unit-price contract determined? When is such a contract likely to…

A: Unit price contract is a common pricing contract which is based on each unit or task of the…

Q: 4. If a worker is paid based in proportion to the quantity of work he/she finishes. It is called. *…

A: Piece rate is the system in which the employee is paid for the work they complete irrespective of…

Q: Why should an employee have some understanding of costing if they are not in the accounting…

A: Costing may be defined as, ''The techniques and processes of ascertaining costs''. It may further be…

Q: where the line is drawn between direct and indirect labor, is direct labor at an employee level or a…

A: Direct Labour is labour or workers that are directly engaged in production of goods. Indirect labour…

Q: Which of the following statements related to job cost sheets is TRUE?

A: Job cost sheet:- Job cost sheet is the sheet that is prepared by manufacturing industry companies.…

Q: Which of the following is not a prime cost? O Supervisor's wages Direct labor wages Assembly line…

A: Prime costs is a company’s expenses which is directly related to the production process like  the…

Q: Which one of the following depends on the level of output or activity? O building rent cost O…

A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…

Q: When stiff restrictions on hiring, compensation, work hours and related rules are enforced, the…

A: The answer is C) Less flexible

Q: The ________ is the hourly price charged to clients for professional labor. salary rate billing rate…

A: Professional labour is that labour which provides professional services to another person for a…

Q: rpose of the following control procedures (i.e., what threats is it designed to mitigate)? b.…

A: Following  are the Purpose of Control Procedures of Reconciliation of labor costs (based on job-time…

Q: cost of a job

A: Cost of job = Direct materials cost + Direct Labour cost + Overhead cost

Q: Manufacturing costs always allocated to jobs rather than being traced to job (like Direct materilas…

A:

Q: Service firms trace only direct-labour costs to jobs. All other costs are applied as a percentage of…

A: Service firms trace only direct-labor costs to jobs. All other costs are applied as a percentage of…

Q: What is the primary objective of any base wage and salary system?

A: A basic salary, also known as a base salary, is the amount of money that a salaried employee…

Q: The salary foregone by a person who quits a job to start a business is an example of a(n) ________.…

A: Answer: Option (a) Opportunity Cost is the Correct Answer

Q: Wages paid to a labourer who is engaged in production activities should be classified as: a) direct…

A: Cost refers to the amount incurred in return for goods or services.

Q: Is someone not willing to work counted as being in the labor force?

A: Labor force is a term used for referring to labor pool within an economy that which may include both…

Q: Which one is fixed cost اخترأحد الخیارات a. Both A & B O b. Rent,salaries, Insurance O c. Only B…

A: The fixed costs are the costs which remain fixed for the period of time.

Q: What is the difference between pay grade and pay range?

A: Pay grade refers to an approach that helps categorize different types of jobs into various groups…

Q: An example of labor-related costs is:   bonus pay factory labor fringe benefits operating expense

A: The labor costs include the wages and salaries paid to employees.

Q: What are the arguments in favor of treating fixed manufacturing overhead costs as period costs?

A: Period costs: Period costs are the costs other than the product costs. These costs are not incurred…

Q: Which one of the following represents a period cost? Fringe benefits associated with factory workers…

A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…

Q: What are the arguments in favor of treating fixed manufacturing overhead costs as product costs?

A: Following are the arguments in treating fixed manufacturing overhead costs as product costs: For…

Q: What do you believe would occur if a business did not use a work cost sheet? What exact things are…

A: A work cost sheet depicts the various cost incurred from manufacturing to selling any number of…

Q: What is the difference between a job and career

A: Job is a short time task that is done to earns money by the individual. They are done with the…

Q: How to calculate gross pay and net pay for employees.

A: Gross pay: Gross pay includes the employee’s share of social security taxes, Medicare taxes, and…

Q: Which employee earned the highest gross pay? A. Mabini O B. Cruz C. Santos

A: The question is related Gross pay paid on hourly basis. The details are given.

Q: explain why labor laws are important to both the employee and the employer?

A: Labor Laws: These are those laws which govern the relationship between employees, employer and trade…

Q: a. Establish the relevant costs that could be quoted by Berjaya Berhad for the special job order,…

A: Management Accounting is the part of accounting system which provides the managers adequate…

Q: Overtime salary and Nightshift allowance are examples of _______. A. Direct Labour cost B. General…

A: Overtime salary and night shift allowance is paid to employees for working beyond prescribed working…

Q: How would salaries of supervisors in the factory be classified? Group of answer choices

A: A supervisor or employee in a factory is not directly involved in production process as a Direct…

Q: s relevent cost of direct labour

A: Direct Labor: Direct labor includes personnel that are directly concerned within the production…

Q: What would happen if a business did not use a work cost sheet? What are some of the particular…

A: This question explains about the particular components that a work cost sheet

Q: When overtime is worked at the request of the customer due to urgency of work and customer agrees to…

A: Indirect Cost-: Indirect costs are costs that are not directly liable to an expense object. Indirect…

Q: Do you feel the client would have been pleased with the use of the job costing method?

A: Job Costing Method: Job costing is a way of accounting that is used to keep track of the costs of…

Q: What do you think would happen if a company didn't use a job cost sheet? What are some specific…

A: Job Cost sheet Record of each job is maintained in a job-order costing system and it is served as a…

Q: etween labor costs and profit per unit?

A: All expenditures spent by an employer as a result of the employment of labor are referred to as…

Q: what is the interpretation of full-time equivalents (FTEs) when calculating number of total…

A: FTE is a measurement unit which is used to compare different workloads of employees i.e Part time…

Q: What is a characteristic of pay for performance?

A: Pay for performance is a management technique which aims at improving the performance of the…

Q: What are the important key points of earning per share PAS 33 and employee benefits PAS 19?

A: Accounting standards are the rules and regulations used for the preparation of proper financial…