If the standard time for producing one unit of work in a job paying $5.00 per hour were set at 6 minutes, what would the piece rate be?
A) $1.00 per unit
B) $1.50 per unit
C) $0.50 per unit
D) $0.75 per unit

Question

Quizplus · Accepted Answer

If the standard time for producing one unit of work is 6 minutes, then the rate per minute is $5.00/60 minutes = $0.0833 per minute. 
To find the piece rate, we need to multiply the rate per minute by the time standard, which is 6 minutes. 
Piece rate = $0.0833 per minute x 6 minutes = $0.50 per unit. 
Therefore, the piece rate would be $0.50 per unit, which is choice B.

If the Standard Time for Producing One Unit of Work