Answer ALL questions. $(100$ MARKS$)$

QUESTION $1(20$ Marks$)$

$1\mathrm{.}1$

REQUIRED

Calculate the number of orders that should be placed based on the quantity that will keep the cost of

placing the orders and the holding costs at a minimum.

$(4$ marks$)$

INFORMATION

The following information was supplied by KL Suppliers for the only product that it sells:

Monthly demand $300$ units

Unit cost R$20$

Fixed cost per order R$25$

Carrying cost per unit $10\%$ of the unit cost

EOQ $300$ units

$1\mathrm{.}2$

REQUIRED

Calculate the net wage of J$.$ Samuels for the third work week of May $2024.$

$(5$ marks$)$

INFORMATION

J$.$ Samuels is employed by Drake Enterprises. The normal working week is $45$ hours. J$.$ Samuels

worked for $50$ hours during the third work week of May $2024.$ He is remunerated at R$120$ per hour

during normal working hours. Overtime is calculated at $1(1)/(2)$ times the normal rate. The following are

his deductions for the week:

Unemployment insurance fund $1\%$ of the gross wage

Pension fund $7\mathrm{.}5\%$ of the normal wage

Income tax R$1000$

Drake Enterprises contributes the same amount as the employees towards the unemployment

insurance fund and pension fund.