In this video I have explained the different Methods of Remuneration such as
1. Time Rate System
2. Straight Piece Rate System
3. Taylor's Differential Piece Rate System
4. Merrick Differential Piece Rate System

We have also solved problems on Taylor and Merrick.

After watching this video you will be easily able to calculate Labour Remuneration or Wages paid to workers.

Previous Video : #1 Labour Turnover Rate
https://youtu.be/Xst-bOTuCjE

This is for the students of B.COM, BBA, CA INTER, CMA and any other accounting courses which has this chapter in its syllabus.

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