Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Information: The following transactions of Heron Ltd took place during January 2022 in respect of component X used in production: isyuilen. Calculate the value of

image text in transcribed

Information: The following transactions of Heron Ltd took place during January 2022 in respect of component X used in production: isyuilen. Calculate the value of closing inventory on 31 January 2022 using the: 2.1.1 First-in-first-out (FIFO) method (10 marks) 2.1.2 Weighted Average Cost Method (10 marks) 2.2 Information: The basic monthly salary of Freddy is R10000. She is entitled to an annual bonus of R9 000. Her employer contributes R9 000 per annum to her pension fund. She works for 9 hours per day from Monday to Friday each week. She is entitled to 28 days paid vacation leave. There are 12 public holidays in the year ( 365 days), 9 of which fall on weekdays. Required Calculate Freddy's labour rate per hour

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

Project Finance

Authors: B Rajesh Kumar

1st Edition

3030967247, 978-3030967246

More Books

Students also viewed these Finance questions

Question

8. Describe the steps in the development planning process.

Answered: 1 week ago