A Sewing Mill That Has Set an Hourly Standard for Machine

question 25

Multiple Choice

A sewing mill that has set an hourly standard for machine operators of sewing 25 shirts per hour.Wages are calculated by multiplying the number of shirts completed by the piece rate for one shirt.Employees who exceed the standard of 25 shirts per hour make higher wages based on the additional piece rate per unit completed.The mill is using a __________ play plan.

• A) merit
• B) differential piece rate
• C) straight piecework
• D) Deming

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Definitions:

Cash Dividends

Payments made by a corporation to its shareholder members, typically derived from the company's profits.

Financing Activities

These activities include transactions involving debt, equity, and dividends that are used to fund a company's operations or expansions.

Financing Activities

Transactions involving raising capital, repaying investors, and paying dividends as part of a company's capital structure management.

Net Cash

The amount of cash available after all cash inflows and outflows have been accounted for, often used in the context of operating, investing, and financing activities.