Labour Costs

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Level 3 AAT AAT Level 3 (Cost and Revenues) Flashcards on Labour Costs , created by claire.harrison on 24/02/2015.
claire.harrison
Flashcards by claire.harrison, updated more than 1 year ago
claire.harrison
Created by claire.harrison almost 10 years ago
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Resource summary

Question Answer
Time Rate Paid for the time spent at work
Salary Annual set amount
Piecework Paid on the units of output produced
Bonus Additional pay if output is better than expected
Overtime Payment Whole Payment i.e. time and a half
Overtime Premium the extra part of the payment i.e. if paid 'time and a half' the overtime premium would be the half.
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