Q111
Merricks multiple piece rate system has _______.
A.
two rates
B.
three rates
AnswerC.
four rates
D.
five rates
Answer: Option B
Solution
Answer: Option B
Solution:
Merricks multiple piece rate system has three rates. According to this plan, three piece rates for a job is fixed. None of these three piece rates are fixed below the normal level. These three rates are applied in the manner given below:
Rates Bonus Incentive
1. Upto 83 '/3% Normal Rate
2. Above 83 1/3 % to 100% 110% of Normal Rate
3. Above 110% 120% of Normal Rate