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Commerce · Q98

Costing

Graduate and Post Graduate · Commerce · question 98

Q98

Time wages are paid on the basis of ________.

A.
actual time
Answer
B.
standard time
C.
time saved
D.
overtime

Answer: Option A

Solution

Answer: Option A
Solution:
Time wages are paid on the basis of actual time. In this system of wage payment, the workers are paid the wages on the basis of time as, per hour, per day, per week, per fortnight or per month etc. This system does not consider the production of the employees during this time.