Question
2. Briefly stated, what are the advantages anddisadvantages of (a) the hourly rate wageplan and (b) the piece-rate wage plan? 3. What is a modified
2. Briefly stated, what are the advantages anddisadvantages of (a) the hourly rate wageplan and (b) the piece-rate wage plan?
3. What is a modified wage plan?
4. What is the concept of production workteams as it relates to incentive wage plans?
5. What is the function of the payrolldepartment?
6. In a payroll system, what purpose is servedby a labor time record? How is the informa-tion that is recorded on labor time recordsused?
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ACCA Approved Study Text P7 Advanced Audit And Assurance
Authors: BPP
1st Edition
1472744349, 978-1472744340
