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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.
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How do you calculate the percentage of raise?
To calculate the percentage of a raise: Determine the difference between your new pay rate and your old: New (higher) pay rate - Old (lower) pay rate = Difference Then divide the difference by your old rate and multiply by 100 to get the percentage. (Difference/Old pay rate) * 100 = Percentage of raise
What is the general difference between a 15 year and a 30 year mortgage rate?
Typically there is one major difference between a 15 year and a 30 year mortgage rate. Those are the payments, as a 15 year rate will have higher monthly payments, but a lower interest rate and vice versa with the 30 year rate.
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 piece rate mean?
Piece-rate pay gives a payment for each item produced - it is therefore the easiest way for a business to ensure that employees are paid for the amount of work they do. Piece-rate pay is also sometimes referred to as a "payment by results system"
How do you calculate VBAC rates?
A VBAC rate is the number of women in a given hospital or area that give birth by VBAC. You can't really calculate it but you can look up what a particular hospital's rate is sometimes on their website. VBAC rates for the USA can be found on the CDC's website.
What is the difference between mortality rates and death rates?
mortality rate - Death Rate
What is the difference between piece rate system and time wage system?
nothing hahahahahahaha
What is a difference in flow rates and viscosities between substances when heated?
Viscosity and flow rate increases with the temperature.
What is the difference between the prime interest rate and that charged by banks to the public?
The difference is that rates charged by banks to the public have an additional rate added to the prime rate based on creditworthiness and rating. Poor credit equals a higher interest rate and vice versa.
Whats the general difference between a regular CD and a jumbo CD rate?
Jumbo CD rates are higher than regular CD rates because the deposits are generally higher. However due to the recession, the difference in these rates are not great. It is better to invest elsewhere.
Difference between Spot Exchange Rate and Exchange rate?
An exchange rate, which is also called the foreign-foreign exchange rate, is the rate that currency will be exchanged for another currency and may have a forward contract. The spot exchange rate is the current exchange rate today with immediate delivery and it is also called benchmark rates and outright rates.
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 corporate tax rate and average tax rate?
well corporate tax rates are dumb. and average tax rates dumber. soo does anyone in the house want to itch my butt? well i alreay did! ha ha!
Are postal rates the rate of how many letters are sent?
That is not correct. Postal rates are the rate to send a certain piece of mail. The postage rate for a letter up to the weight of 1 ounce is 44 cents. You can find postage rates at your local post office.
What melts faster a piece of chocoloate or a piece of ice?
A piece of ice.From Wikipedia:Newton's law of cooling, states that the rate of heat loss of a body is proportional to the difference in temperatures between the body and its surroundings, or environment.
What is the difference between fixed and adjustable interest rates?
Under a fixed rate, the rate does not change during the duration. An adjustable rate is one that can be changed. For instance, if I have 3% interest on something, it can be changed to, say, 3.4% under an adjustable rate.
Difference between rate constant and specific rate constant?
There is no difference between them they are same rate constant is another name of specific rate constant
