The Standard Hourly Rate:
A)pays the worker an incentive based on units of production.
B)relies on countable results as a basis for setting the PFP rate.
C)uses a formula to determine the employees share of cost savings.
D)uses a production standard that is expressed in time units.
E)is usually folded into the base pay of the recipient and is usually granted as a percentage of a worker's base pay.

Question

Quizplus · Accepted Answer

The Standard Hourly Rate uses a production standard that is expressed in time units, meaning it sets pay based on the amount of time expected to complete a task or produce a certain amount of goods.