QUESTION 2 (20 marks) The normal hourly rates paid are R24,00 for direct wages and R19,50 for indirect wages. Overtima 15 TGI Limited has 61 employees of whom 52 work in production and 9 work in the service departments payable at 1,5 times the basic rate. The following additional information applies to the latest period. Hours worked: Normal direct.... 25 520 hours Normal indirect. 4 430 hours Overtime direct 2 120 hours Overtime indirect 380 hours Deductions were as follows: Pension fund contribution.. 7,5% of the normal wage Medical aid contribution - direct R14 529.12 - indirect R3 455,40 1% of the gross wage Tax (PAYE). 18% of taxable income UIE.... (5) REQUIRED: Calculate the following: 2 Total gross wages as per the payroll (before cost allocation) 2.2 Taxable income of direct labour employees Net wages of indirect labour employees 24 Total overtime premium 2.5 Total amounts allocated to direct and indirect labour costs 23 (3) (6) 3) [20]