Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2.1 REQURED Use the information given below to prepare the hoome Statement of Costa Enterprises for the year endad 31 Decerber 2022 using the absorption
2.1 REQURED Use the information given below to prepare the hoome Statement of Costa Enterprises for the year endad 31 Decerber 2022 using the absorption costing method. (10 marks) INFORMATION Costa Enterprises commerced operations on 02 January 2022 , and produces a single product fat sels for R72 per unit. During 2022, 300000 units of the product were manufactured of which 240000 unis were sold. There was no work-in-process inventory at the end of the year. Manufacturing costs and makkefing and sdministrative costs for 2002 were as follows: 22 REQURED Use the informafon given below to caloulate the net wage of P. Nknsi for fhe last working week of March 2023. (5 marks) INFORMATION P. Nkosi is emplayed by Morkel Enierprises. The nomal working week is 45 hours. P. Nknsi worked for 49 hours during the last wurking week of March 2023. She is remunerated at R200 per hour during nomal working hours. Overfme is calculated at 1.5 fmes the normal rate. The following were her deductions for the week: Morkel Enterprises contributes the same amount as the employees towards the medical aid fund and pension fund 2.3 REQURED Consider the irformation given below and calculate the remuneration of Donald for the day. ( 5 marks) INFORMATION Donald, an employee of Disney Limited, is remunerated according to Taylor's differential piecework system. The following detais apply. Donald's production for the day was 1300 units
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started