Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUT STION 6 LABOUR COSTS la usine Major L Id is a company that produces househoid goods in varous departments is needs to assess whether

image text in transcribed

QUT STION 6 LABOUR COSTS la usine Major L Id is a company that produces househoid goods in varous departments is needs to assess whether tes hocily recovery tarif has been cakculated correctly The following information is provided for Martina who is an employee of Magr Lid She works from Monday - Friday (8 hours per day for 5 days). The rate per hour in this company is R75 Holiday bonus equais to 10% of yearly gross salary The empioyer makes the following contrbutions - Pension fund = R1000 per week x - Medienl aid = R400 per week - Other contributions =5% of yearly gross saiary Holiday leave is 3 weeks annually The company is dosed for 10 public holidays and ide time is 5%.x Required: Calculate the hourly recovery tariff. Assume that there are 52 weeks in a year. Note: round off all unit conts to TWO decimal places. Show ALL calculations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions