Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Muzinda ( Pty ) Ltd is a company established by female entrepreneurs. The company makes school uniforms for various public and private schools. The company,

Muzinda (Pty) Ltd is a company established by female entrepreneurs. The company makes school uniforms for various public and private schools. The company, at present, employs two workers in the factory. The wage summary of these two employees is as follows:
Time left 2:14:19
\table[[EMPLOYEE NAME,\table[[NORMAL WAGE PER],[WEEK]],\table[[VACATION LEAVE (IN],[WEEKS)]]],[Zuzile,R1710,3],[Elize,R1575,4]]
Additional information:
The company operates on a 45-hour week (Mon - Fri), including seventy-five (75) minutes for tea and lunch breaks.
There are ten (10) public holidays per year, two (2) of which occur on Saturdays during the year.
Idle time is estimated at 5% of available production time at work.
Zuzile weekly pension contributions of R410 are allocated at a ratio of 4:6 between the employee and the employer, respectively.
Elize weekly pension contributions of R375 are allocated at a ratio of 3:7 between the employee and the employer, respectively.
The UIF rate for all employees is 2% of total gross remuneration, allocated at a ratio of 1:1 between the employee and employer, respectively.
Required:
Calculate the following items and fill in the missing data by choosing the correct answers from the options provided:
(a) Total annual budgeted productive hours per employee (rounded to decimals).
\table[[,Zuzile,Elize],[,hat(),**
image text in transcribed

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

Financial Accounting

Authors: Pauline Weetman

6th Edition

0273789252, 978-0273789253

More Books

Students also viewed these Accounting questions