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.
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1989 Roger Hussey
About this chapter
Cite this chapter
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
Download citation
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
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)