Joe owns a business which produces wooden furniture. He employs 20 workers in the production department and three workers in the offices. Joe pays all his workers wages which are calculated by time rate, but he is thinking of changing to piece rate. He has a high labour turnover from the factory as his workers are not well motivated.

1. What is meant by piece rate?

2. Identify two examples of fringe benefits Joe could give to his employees.

3. Outline two reasons why many employees leave their job at the furniture company.

4. Explain two ways Joe can improve the job satisfaction of his employees.

5. Do you think a wage calculated by piece rate is a suitable method of payment for all Joe’s employees?

Why there has to be two lines in a plane

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.

Ajewelry direct sales company pays its consultants based on recruiting new members. question 1 options: the company is running a pyramid scheme, which is illegal. the company is running a pyramid scheme, which is legal. the company has implemented a legal and ethical plan for growth. the company uses this method of compensation to reduce the fee for the product sample kit.