Management Accounting - Labour costs - methods of payments 0.0 / 5 ? AccountingLabour costs - methods of paymentsNational 5SQA Created by: Flossy15Created on: 08-01-19 19:59 What is basic time rate?? Employees are paid per hour worked 1 of 5 What is overtime?? This is the rate for anyhour worked above the basic hours expected to be worked 2 of 5 What is bonus rates?? An amount paid when a worker produces more than expected or works well during a certain time period 3 of 5 What is pierce rates?? An amount paid for the number of items made 4 of 5 How do you workout gross pay?? (hours x Rate per hour for basic hours) + (overtime hours x overtime rate) 5 of 5
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