Vidyalelo
Commerce · Q320

Costing

Graduate and Post Graduate · Commerce · question 320

Q320

Wages paid to workers of factory are termed as

A.
workers premium
B.
overtime premium
Answer
C.
factory premium
D.
wage premium

Answer: Option B

Solution

Answer: Option B
Solution:
Wages paid to workers of factory are termed as overtime premium. An overtime premium is the additional payment made to an employee for hours worked in excess of 40 hours per week.