cost and management accounting Method of Labour Remuneration



Posted on 10-05-2016        By ADMIN



cost and management accounting Method of Labour Remuneration

1) Time Ratesystem

a) Flat time Rate

b) High wagesystem

c) Graduated timerate

2) Payment byResults

a) Piece ratesystem

i) Straight piecerate

ii) Differentialpiece rate

* Taylor system

* Merrick system

b) Group BonusSystem

i) BudgetedExpenses

ii) Towne gainsharing scheme

iii) Costefficiency bonus

iv) Priest mansystem

c) Combination ofTime and Piece rate

i) Gantt task andBonus scheme

ii) EmersonEfficiency system

iii) Point scheme

* Bedaux system

* Haynes manitsystem

d) Premium bonusplans

i) Halsey premiumplan

ii) Halsey weirpremium plan

iii) Rowan scheme

iv) Barth scheme

v) Acceleratingpremium bonus scheme

e) Other incentiveschemes

i) Indirectmonetary incentive

* Profit sharing

* Co-partnership

ii) Non-MonetaryIncentive



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