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1 . 1 REQUIRED Calculate the remuneration of Moly for 0 8 February 2 0 2 4 using Taylor's differential piecework sy stem. ( 4

1.1
REQUIRED
Calculate the remuneration of Moly for 08 February 2024 using Taylor's differential piecework sy stem.
(4 marks)
INFORMATION
The following information relates to the remuneration of Molly for 08 February 2024:
\table[[Standard time allowed,20 minutes per unit],[Standard workday,8 hours],[Normal wage rate,R120 per hour],[Premium,90% of piecework rate if below standard],[,110% of piecework rate if standard or above standard],[Molly's production for the day,27 units]]
1.2
REQUIRED
Use the information provided below to calculate the economic order quantity.
(4 marks)
INFORMATION
The average monthly usage of an item that costs R2 each and sells for R4.50 each is 600 units. The holding cost is 10% of the cost of the item. The cost to place an order is R20.
1.3
REQUIRED
Calculate the eamings of Amanda for the day using the straight piecework incentive scheme.
(4 marks)
INFORMATION
The standard time to produce a product is 10 minutes. Amanda is paid R120 per hour and the normal working day is 8 nours. If Amanda produces more than her quota, sne receives 1.5 times the hourly rate on the addirional output. Amanda produced 54 units for the day.
1.4
REQUIRED
Complete the solowing table that would refled the value of issues to production and inventory balances using the first-in-first out method of inventory valuation:
\table[[,Purchases,lssues/Returns,Balance],[Date,Quantity,Price,Amount,Quantity,Price,Amount,quantity,Price,Amoun]]
imFORMATION
The varsasions of Kerman Manufacturers for January 2024 are as follows:
\table[[January,Tranaaction,Unita,Price per unit],[01,Opening inventory,4000,R3.00],[05,Purchased from a suppier,1600,R3.20],[20,Purchased from a suppier,3000,R3.30],[07,Issued to production,3200,?
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