Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14 1.1 Calculate the annual economic order quantity from the information provided below. INFORMATION (4 marks) 1.2 1.3 GM Electronics expects to sell 800

image text in transcribed

14 1.1 Calculate the annual economic order quantity from the information provided below. INFORMATION (4 marks) 1.2 1.3 GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price of each alarm system is R2 000. The inventory holding cost of an alarm system is 1% of the unit cost price. The cost of placing an order for the alarm systems is estimated at R60. Study the information provided below and calculate the hourly recovery tariff per hour (expressed in (4 marks) rands and cents) of Martha. INFORMATION The basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthly salary. Her employer contributes 8% of her basic salary to her pension fund. She works for 45 hours per week (from Monday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365 days), 8 of which fall on weekdays. Use the information provided below to calculate Samantha's remuneration for 17 March 2022. INFORMATION (4 marks) Samantha's normal wage is R300 per hour and her normal working day is 8 hours. The standard production time for each employee is 4 units for every 30 minutes. On 17 March 2022, Samantha's production was 76 units. Using the Halsey bonus system, a bonus of 50% of the time saved is given to employees. 1.4 Calculate the earnings of G. Henry using the straight piecework incentive scheme from the information provided below. (4 marks) INFORMATION G. Henry is employed by Royal Manufacturers and is paid R250 per hour. His normal working day is 9 hours. The standard time to produce a product is 5 minutes. If G. Henry produces more than his quota, he receives 1 times the hourly rate on the additional output. G. Henry produced 132 units for the day.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamental Financial Accounting Concepts

Authors: Thomas Edmonds, Christopher Edmonds

9th edition

9781259296802, 9781259296758, 78025907, 1259296806, 9781259296765, 978-0078025907

More Books

Students also viewed these Accounting questions