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ACCOUNTING FOR LABOUR COSTS

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › ACCOUNTING FOR LABOUR COSTS

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  • August 7, 2023 at 3:20 pm #689536
    ramaribanat.cas.ac.ls
    Participant
    • Topics: 2
    • Replies: 0
    • ☆

    WHAT IS THE DIFFERENCE BETWEEN PIECE WORK AND OUT RELATED PAY

    August 8, 2023 at 7:21 am #689569
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54701
    • ☆☆☆☆☆

    Piecework is where labour is paid according to what they produce as opposed to how many hours they work. I explain this in my free lectures on accounting for labour.

    There is no such thing as ‘out related pay’, so I don’t know what you are referring to.

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