1 The policy of Jess Limited is a gross profit mark-up of 30% on cost. The budgeted gross profit for April 2018 is $7500. The budgeted cost of sales and sales for April 2018 will be $........ and $...........

A. $25000 and $32500

B $2250 and $9750

C $5250 and $12750

D none of the above

2 Mike is employed in the assembly line of Jack manufacturing plant. he is entitled to three weeks paid leave per annum and an annual bonus equal to two weeks normal wages. he is also entitled to 12 paid public holidays per year. Assume that all public holidays fall on weekdays. Mike works 40 hours per week. Monday to Friday for which he is paid $100 per hour. the company contributes 12% of normal wages towards pension fund and 10% towards medical insurance. normal idle time is considered as 6% of available hours. what is Mikes labour recovery rate per hour that Jack manufacturing plant will use for budgeting purposes?

A $100 per hour

B $115.88 per hour

C $149.41 per hour

D None of above