1.3 Use the information provided below to calculate the earnings of Jackie for 25 May 2021 using the straight piecework wage incentive scheme. (4 marks) INFORMATION 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. 1.4 Calculate the annual economic order quantity (EOQ) from the information provided below. (4 marks) INFORMATION 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.