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Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
Edition 12ISBN: 978-0132605540 Exercise 181
Explain in your own words the difference between a piecework rate and differential piece rate. (See Objective.)
OBJECTIVE Determine the gross earnings for differential piecework. There are many variations to the straight piecework rate just described. For example, some rates have quotas that must be met, with a premium for each item produced beyond the quota. These plans offer an added incentive within an incentive. A typical differential piece rate plan is one where the rate paid per item depends on the number of items produced.
OBJECTIVE Determine the gross earnings for differential piecework. There are many variations to the straight piecework rate just described. For example, some rates have quotas that must be met, with a premium for each item produced beyond the quota. These plans offer an added incentive within an incentive. A typical differential piece rate plan is one where the rate paid per item depends on the number of items produced.
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In order to explain the difference betwe...
Business Mathematics Brief 12th Edition by Stanley Salzman ,Gary Clendenen, Charles Miller
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