Piecework Formula
Piecework is a Labour payment
method or system used to calculate payment of labour based on output. The labour payment can be simply calculated by
multiplying the rate per unit with unit produced.
Labour payment = Unit Produced x Rate per Unit
Example
100
units produced
Rate
per unit produced = $ 3
Calculate
labour payment?
Solution
Labour payment = Unit Produced x Rate per Unit
=
100 x 3
=
300 $
