In which of the following situations, 'Time Rate System' is most suitable ?

CS Executive · Cost and Management Accounting · PYQS · December 2020
In which of the following situations, 'Time Rate System' is most suitable ?
(A) The quality of work is more important.
(B) The work is of standard or repetitive nature.
(C) There is uninterrupted flow of work
(D) It is necessary for the employer to get maximum production.

Answer & Explanation:

Correct Answer: Option (A)

Official answer key: (A).

Topics: Labour Costing

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