Upload NowThe upcoming discussion will update you about the differences between time rate and piece rate system of wage payment. Difference # Time Rate System: 1. Base: Under this system, the wages are paid on the basis of time. 2. Stability of Job: Under this system, generally the employment is stable. 3. Suitability: This system is […]
Difference: Time Rate and Piece Rate System of Wage Payment | Economics
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Difference: Direct and Indirect Labour | Cost Accounting
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The main difference between direct labour and indirect labour are as follows: 1. Direct labour can be conveniently identified with a particular cost centre or cost unit but indirect labour cannot be identified. 2. Direct labour can be allocated or charged entirely to a particular cost centre. On the other hand, indirect labour cannot be […]