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Commerce · Q97

Costing

Graduate and Post Graduate · Commerce · question 97

Q97

Piece workers are paid on the basis of ________.

A.
output sold
B.
output produced
Answer
C.
output in stock
D.
input received

Answer: Option B

Solution

Answer: Option B
Solution:
Piece workers are paid on the basis of output produced. Piece rate system is the method of remunerating the workers according to the number of unit produced or job completed. It is also known as payment by result or output.