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Question 3 (20) A marketing company has employed a graphic design specialist. Her basic annual salary is R360 000 and she is entitled to an
Question 3 (20) A marketing company has employed a graphic design specialist. Her basic annual salary is R360 000 and she is entitled to an annual bonus of R30 000. The company operates a 40-hour week and employees are entitled to three weeks' annual leave. There are 13 public holidays annually. Idle time is equal to 3% of available productive time. The company contributes 7,5% and 1% of the basic salary towards the pension fund and UIF, respectively. Assume that there are 52 weeks in the year. Required: Calculate the following: 3.1 Annual productive hours 3.2 Total annual labour cost 3.3 Hourly recovery rate
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