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1.1 REQUIRED Calculate Anne's remuneration for 15 April 2022. (4 marks) INFORMATION The normal wage of Anne is R200 per hour and her normal working
1.1 REQUIRED Calculate Anne's remuneration for 15 April 2022. (4 marks) INFORMATION The normal wage of Anne is R200 per hour and her normal working day comprises 9 hours. The standard production time for each employee is 10 minutes per unit. On 15 April 2022, Anne's production was 60 units. Using the Halsey bonus system, a bonus of 50% of the time saved is given to employees. REQUIRED Calculate the total labour cost of Judith to Saffron Limited for 2021. (4 marks) INFORMATION The following details relate to Judith, an employee of Saffron Limited, for 2021: 1.3 REQUIRED Use the information provided below to calculate the following variances. In each case state whether the variance is favourable or unfavourable. 1.3.1 Material quantity variance (4 marks) 1.3.2 Labour efficiency variance (4 marks) 1.3.3 Variable manufacturing overheads expenditure variance (4 marks) INFORMATION Regal Ltd uses the standard costing system. The standards and actual information for May 2022 for the only product that it manufactures are as follows: \begin{tabular}{|l|l|} \hline Standards: \\ \hline Direct materials & 4kg@ R7 per kg \\ \hline Direct labour & 5 hours @ R60 per hour \\ \hline Variable manufacturing overheads & R12 per labour hour \\ \hline Normal production & 12000 units per month \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline Actual information for May 2022: & \\ \hline Direct materials used & 43000kg@ R7.50 per kg \\ \hline Direct labour & 56000 hours @ R58 per hour \\ \hline Variable manufacturing overheads & R649600 \\ \hline Production & 11000 units manufactured \\ \hline \end{tabular}
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