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Methods of Labour Remuneration
There Labour remuneration methods can be broadly classified into two factors as:
i. Time rate or on the basis of the time spend in the factory
ii. Piece Rate or On the basis of work done
Most of the remuneration methods are a collections of or modification of these two systems.
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What are the strengths and weaknesses of the various costing methods and which would you recommend for a manufacturing enterpris? 2000word assay plus appendix
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