Question

If the standard amount is 200 units with piece rate $5 and the units produced are 250 with each extra unit paid for $6 then the total amount paid is

a.

$1,300

b.

$1,500

c.

$1,400

d.

$1,600

Answer: (a).$1,300

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. If the standard amount is 200 units with piece rate $5 and the units produced are 250 with each extra unit paid for $6 then the total amount paid is

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. The special perk available for executives to provide the security against the loss of job while takeover of companies is classified as

Q. The technique of giving incentive to employees in which the productivity more than expected is shared with the employees is classified as

Q. In piece rate system, the method in which the same amount is paid for standard output and higher amount is paid for more units is classified as

Q. The plan in which the employees get some ownership in organization for which they are working is classified as

Q. The work team results and gain sharing are techniques to incentive the

Q. The components of compensation for compensation includes

Q. The subgroup made of all the directors who are not working officers of the firm is called

Q. The safety awards, attendance bonuses, sales commission and piece rate are classified as techniques of

Q. The payment which is made to employee for only one time and is not part of the base pay is classified as

Q. The types of piece-rate systems include

Q. The objectives of using techniques of profit sharing to give incentive the employees include

Q. The cost reduction, quality improvement and gain sharing are classified as techniques of

Q. The amount of compensation which is linked to teams, individuals and organizational performance is classified as

Q. The system which is followed in organizations to distribute some portion from profits to all employees in organization is classified as

Q. The employee stock options, deferred compensations and executive stock options are classified as techniques of

Q. The non-cash benefits usually reserved for executives of organization are classified as

Q. In sales incentives and compensation, the amount which is deducted from future commissions in advance is classified as

Q. The plan which gives the right to sell or buy the stock of the organization at fixed price for specific period of time is classified as

Q. The compensation which is calculated as percentage of total revenue generated by the sales is classified as

Q. In piece rate systems, the method in which number of units produced are multiplied by piece rate per unit, is classified as

Recommended Subjects

Are you eager to expand your knowledge beyond Human Resource Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!