alleryStart learning →What is payment by the hour called?
ATime work
BGainsharing
CPiece work
DCommission
Answer & Solution
Correct answer: A. Time work
Hourly pay rewards time attended, which is why it is called time work, unlike piece work paid per unit.
Keep practising Employee Cost
Browse all Employee Cost questions for CA Inter, or explore more Cost and Management Accounting topics.
Related questions
An Improshare standard identifies the expected number of what?Profit sharing payments often depend on the company's:Improshare stands for:A Scanlon plan incentive uses the ratio of labour cost to:Gainsharing differs from profit sharing as it measures:Gainsharing returns what to employees?Perks are benefits that are mostly:Exchanging cash wages for another benefit is called salary: