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The time rate system is that system of wage payment in which the workers are paid on the basis of time spent by them in the factory. Under this system, the workers and employees are paid wages on the basis of the time they have worked rather than the volume of output they have produced. Hence, according to this system, wages are paid on hourly, weekly or monthly basis. Under time rate system, the wages earned by a worker is determined by using the following formula.
Wages Earned = Time spent(Attended) x Wage rate per hour/day/week/month
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What is the difference between piece rate system and time wage system?
nothing hahahahahahaha
What is time rate system and piece rate system?
The first is pay based on how long you work, the second is based on how much you turn out.-
What is the difference between time rate and piece rates?
On time rate you are paid for the number of hours worked. On piece rate you are paid for the quantity of goods you produce.
Explain what birth rate and death rate mean?
The birth rate refers to the number of live births per 1,000 people in a given population within a specific time period. The death rate, on the other hand, is the number of deaths per 1,000 people in the population within the same time frame. These rates are commonly used to measure population growth and demographic trends.
What is steam rate?
Steam rate means how much mass of steam entering into system per time.........
What is response time in real time system and What is the difference between response time and execution time in real time system?
response time is the time in which our system respond us back, i.e. the system gives us the result of our input at what rate.. and execution time is the time taken by the system to complete the input... if the response time of our system is high then the performance of the system is not accurate..
What is the difference between a time wage system and a piece wage system?
TWS pays you for amount of time worked. PWS pays you for number of products (or pieces) made.
What are the financial applications of the time value of money?
(a) list various financial applications of the time value of money (b) Explain the components of a discount/ interest rate
Explain just in time?
Just-in-time is an inventory system that is considered lean. With just-in-time inventory, a business doesn't have inventory on hand for customers.
Explain how the response of the system giving the transfer function vary with time when subject to step input 12?
Explain how the responses of the systems giving the transfer function will vary with time when subject to a step input
What experiments would help Fran collect the best data?
Place one piece of bread in a lighted area and one piece of bread in a darkened area, and then observe the rate of mold growth over time.
How do you do distance rate and time problems?
Generally: RATE = DISTANCE / TIME -or- DISTANCE = RATE * TIME -or- TIME = DISTANCE / RATE qed
