3.1 Classify the following costs incurred by a step railing manufacturing company as direct materials, direct labour, factory overhead, or period costs:

3.1.1 Wages paid to production workers (1 mark)

3.1.2 Utilities in the office (1 mark)

3.1.3 Depreciation on machinery in plant (1 mark)

3.1.4 Steel (1 mark)

3.1.5 Accountants salary (1 mark)

3.1.6 Rent on factory building (1 mark)

3.2 Compare/contrast financial accounting and management accounting. (10 marks)

3.3 The timesheet of employee (Mashudu) who works for Univen as a financial controller, shows that he worked 48 hours during the 3rd week of February 2019.The normal working hours per week is 40 hours. On Monday and Saturday he worked 4 hours overtime respectively in order to cover the lost time due to strike by students. The normal overtime remuneration (1 x normal wage) is paid. His normal wage is R8 per hour. Medical and pension fund contributions (8% and 12% of normal wages respectively) are paid on a 50:50 basis by employer and employee. SITE (12% of taxable income) is the only other deduction being made.

Required:

Calculate the net earnings (wages) of Mashudu for the 3^rd week of February 2019.