Method of remunerating the workers
Write down the different method of remunerating the workers?
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Different methods of remunerating the workers are illustrated below: i) Remuneration on Work Basis.
ii) Remuneration on Time Basis.
iii) Non-monetary incentives
iv) Indirect monetary remuneration
a.) Profit sharing
b.) Co-partnership
v) Incentive or Bonus Systems.
a.) Individual Incentive Systems
b.) Group Incentive Systems.
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Rs. Sales 2,40,000 Variable costs 1,44,000 Fixed costs 26,000 Profit before tax 70,000 Rate of tax 40% Firm is proposing to buy the new plant that could generate extra annual profit of Rs. 10,000. The fixed cost of new plant is expected to Rs. 4000. New plant would increase sales volume by Rs. 40,00
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