Question: What is piecework? Earnings which are based on the amount of time worked, usually at a rate per hour or per day A fixed amount

What is piecework?
Earnings which are based on the amount of time worked, usually at a rate per hour or per day
A fixed amount of earnings paid to an employee per pay period, regardless of the number of hours worked or the production they accomplished
A rate of pay earned per unit of production, regardless of the length of time taken
All of the above

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

Standard Deviation in EPS after Leveraging with Taxes: GTB, Inc. has a 21 percent tax rate and has $100 million in assets, currently financed entirely with equity. Equity is worth $7 per share, and...

Q:

1. Earnings which are based on the amount of time worked, usually at rate per hour per day, a fixed amount of earnings paid per period, rate of pay per unit, or all of the above?

Q:

Calculate the Employment Insurance premium on a quarterly director's fee of $11,000.00 paid by a crown corporation listed in Schedule ilt of the Financial Administration Act in Ontario Your answer....

Q:

Gloria Thibideau works for Blossom Cosmetics in Alberta and is paid an annual salary of 555.766,00 on a semi monthly bastars year Gloria receved performance bonus of $3,600.00 She was recently...

Q:

What are wages? Earnings which are based on the amount of time worked, usually at a rate per hour or per day A fixed amount of earnings paid to an employee per pay period, regardless of the number of...

Q:

Please help me with those cost accounting questions too as last time. I got 93 out of 100 last time. 1. A company is building a widget. During the current year, a widget requires direct materials...

Q:

Part 3: Prepare a one-page business report that includes a synopsis of the case and your credit decision for LAF. Include in your report your justification for the credit decision (hint: the...

Q:

Regular Overtime Time Cara fronted Hours Rate per Hour Amount Rate per Hour Amount Worked 11 40 12 48 13 375 21 46 $ 17.50 S 17.25 S 1810 17.90 S 19.75 S 700.00 S 8 828.00 S 25.88 S 724.00 823.40 S...

Q:

Please provide the answer in order 1 to 50, matching question 1 with answer 1 and so long. D D A rm produces and sells two products, Plus and Max. The following information is available relating to...

Q:

1.A company orders a particular raw material in order quantities of 250 units. No safety stock is held, the stockholding cost is GHC3 per unit per annum and the annual demand is 2500 units. What is...

Q:

answer all numbers and show work please the next pictures are the lessons guide Find the commissions on the following sales using the given rates. 3. $5764 at 20% 5. $12,356 at 12% 4. $2598 at 15.5%...

Q:

What amount must be set aside on a boys seventh birthday, which will provide 24 quarterly payments of 3,500.00 for school expenses, if the first payment is to be made on his 16th birthday? Assume...

Q:

Consider the following scenario: You have found a notice about a research study that examines 2 styles of leadership. The researchers only told you that they are trying to recruit subjects for a...

Q:

1 ) Which of the following are assumptions of the simple CAPM model? 1 . Individual trades of investors do not affect a stock's price. 2 . All investors plan for one identical holding period. 3 . All...

Q:

need help asap!! original question with the answer Assume that Oralelas identined three actMycost pools Pool Cost Cost Driver Assembly 5632.500 Directibor hours Setup 36.000 Number of setups per...