standard rate


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Related to standard rate: Standard rate turn

standard rate

the average work rate at which an operative possessing the appropriate skill level and motivation performs a work task. For example, if the ‘observed time’ for an operative performing a task was 5 minutes and the operative was judged to be working at a faster work pace than the standard rate, say twice as fast, then the observed time would need to be lengthened to 10 minutes in calculating the ‘basic time’ which an operative working at standard rate would take to perform the task. See WORK MEASUREMENT.
References in periodicals archive ?
These will include service charges, cleaning services and utility charges which will all attract VAT at the standard rate of 5 per cent, and accordingly the associated costs of renting or owning a real property will increase and should be budgeted for in assessing the affordability of real property transactions, whether for renting or for owning.
20 per cent until September 30, 2016, followed by the standard rate of 5.
In case of any technical doubt relating to the application of the standard rate card, the matter would be referred to the Directorate of Advertising and Visual Publicity (DAVP), Ministry of Information and Broadcasting, for advice.
Thirdly, we are looking for an increase in pension provision for standard rate drivers.
The minimum standard rate of VAT throughout the EU is 15%.
Metered mail at the Standard Rate is more likely to be opened than First Class mail carrying a pre-printed permit.
A competitor that tastes identical but is VAT-able at the standard rate doesn't have that advantage.
For the most part, a string vibrates at a specific, standard rate (or frequency), say 440 times per second, which is the note A.
These labor and material costs are then multiplied by a standard rate and allocated to the project and/or code by accounting entries.
p Increase in Statutory Sick Pay Rate From April, the standard rate will increase to pounds 68.
VAs generally charge by the hour, with the standard rate being between $20 to $50 per hour.
allowing taxpayers to use the standard rate if they use no more than

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