Vidyalelo
Commerce · Q99

Costing

Graduate and Post Graduate · Commerce · question 99

Q99

Differential piece wages means _______.

A.
different wages for different level of performance
Answer
B.
different wages for different time consumed
C.
different wages for different level of output
D.
different wages for different types of industries

Answer: Option A

Solution

Answer: Option A
Solution:
Differential piece wages means different wages for different level of performance. A differential piece-rate system is a method of wage payment in which after tests have set a standard time for any task assigned the worker gets a high piece rate for completing the job within the allotted time and lower piece rate for completing the job beyond the allotted time.