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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.
What does easily mean?
IT means something easy like the idiom piece of cake
What is an exchange rate of 1 to 6 between US dollars and Egyptian pounds mean?
An exchange rate of 1 to 6 between US dollars and Egyptian pounds means that 1 US dollar can be exchanged for 6 Egyptian pounds. This rate indicates the relative value of the two currencies in the foreign exchange market. Consequently, if you have 10 US dollars, you could exchange it for 60 Egyptian pounds at this rate. This exchange rate can fluctuate based on economic factors and market conditions.
How do you calculate the actual labor rate when the standard rate is not given?
The actual rate is the total dollars divided by total hours or pieces. The actual formula is not dependant on any standard rate. The rate variance, however, cannot be determined without the standard rate. The rate variance is the difference between actual rate and standard rate.
What does 650 mean on a piece of gold jewelry?
The number 650 on a piece of gold jewelry indicates the purity of the gold, specifically that it contains 65% gold and 35% other metals. This is equivalent to 15 karats, as pure gold is 24 karats. The remaining metals are often added to enhance durability and alter the color of the jewelry. It's important to note that the higher the karat, the purer the gold and typically, the more valuable the piece.
Is pay rate is what you make an hour?
no pay rate can mean salary/ per annum. or even piece rates.
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.
What is a piece rate worker?
A piece rate worker is paid on the quantity they produce per hour. If they produce more, they will be paid more, based on the rate per finished item.
What is a piece worker paid?
A piece rate worker is paid on the quantity they produce per hour. If they produce more, they will be paid more, based on the rate per finished item.
What is the word rate mean in math?
it mean per rate
Which graph is used to model piece rate pay?
Scatterplot
What are the advantages and disadvantages of straight piece rate system?
The disadvantage of the straight piece rate system is that there is no special incentive for the special effort. The advantage is that it has high productivity which helps in spreading the load.
What does you piece of pica pica mean?
You piece of BEEP
What does fowling piece mean?
A fowling piece is a type of shotgun.
What is something that can be compared to tempo?
The pace,rate or beat of a piece of music
What is the employees derives their income from a fee for the item sold?
piece rate
Rate is related to?
Rate can mean speed
