1.3 Calculate the hourly recovery tariff (rounded off to the nearest cent) of Brenda from the information

provided below.

(4 marks)

The basic annual salary of Brenda is R240 000. She is entitled to an annual bonus of R20 000. Her employer

contributes R24 000 per annum to her pension fund. She works for 8 hours per day from Monday to Friday each

week. She is entitled to 21 days paid vacation leave. There are 12 public holidays (non-working days) in the year

(365 days), 10 of which fall on weekdays.

1.4 Use the information provided below to calculate the earnings of Jackie for 25 May 2021 using the

straight piecework wage incentive scheme.

(4 marks)

Jackie is employed by Asic Clothing Manufacturers to sew jerseys. The standard time to sew one jersey is 30

minutes. She is paid R100 per hour and the normal working time is 8 hours per day. If she sews more than her

quota, she receives twice the hourly rate on the additional output. On 25 May 2021 she sewed 20 jerseys.

1.5 Calculate the annual economic order quantity (EOQ) from the information provided below. (4 marks)

Sasco Traders expects to sell approximately 1 000 boxes of cereal per month during 2022. The cost of placing an

order for cereal is estimated to be R25 and the unit purchase price is R24. The inventory holding cost is 10% of the

unit purchase price.