AAT Elements of Costing: Labour Costs Key Terms 0.0 / 5 ? AccountingAAT Level 2: Labour CostsOtherOther Created by: vocabularyenthusiastCreated on: 11-12-19 15:08 42315 Across 1. A time rate that is applied to the normal contracted work time, and is usually an hourly rate (5, 4) 5. The rate (normally hourly) paid for time worked in excess of the normal contracted time; it is usually at a higher rate than basic rate. (8, 4) Down 2. The method of renumeration when payment is on the basis of time spent at work; it can be an hourly rate or based on a longer time period. (4, 4) 3. A payment system when the employee is paid for the work carried out (e.g. per task or unit); this does not take any account of the time taken. (9) 4. A system used in conjunction with another payment method (for example time rate, which provides additional payment for efficient working, e.g. production that is more than a set level). (5, 6)
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