Method of Labour payment in cost and management accounting


Posted on 10-05-2016        By ADMIN

Method of Labour payment in cost and management accounting 1) Time Rate system a) Flat time Rate b) High wage system c) Graduated time rate 2) Payment by Results a) Piece rate system i) Straight piece rate ii) Differential piece rate * Taylor system * Merrick system b) Group Bonus System i) Budgeted Expenses ii) Towne gain sharing scheme iii) Cost efficiency bonus iv) Priest man system c) Combination of Time and Piece rate i) Gantt task and Bonus scheme ii) Emerson Efficiency system iii) Point scheme * Bedaux system


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