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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › ACCOUNTING FOR LABOUR COSTS
WHAT IS THE DIFFERENCE BETWEEN PIECE WORK AND OUT RELATED PAY
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.
