Abstract
To understand labour costing it is essential to have some knowledge of the different payment methods operated. Specific company schemes present a variety of methods, but these can be broken down into two main groups: time based, where workers are paid at a basic rate per hour for the number of hours worked, and performance based (incentive schemes), where workers are paid on the basis of output or performance.
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© 1989 Roger Hussey
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Hussey, R. (1989). Costing for Labour. In: Cost and Management Accounting. Macmillan Professional Masters. Palgrave, London. https://doi.org/10.1007/978-1-349-19930-3_4
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DOI: https://doi.org/10.1007/978-1-349-19930-3_4
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-44249-4
Online ISBN: 978-1-349-19930-3
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