REQUIRED $1\mathrm{.}3$

REQUIRED

Calculate the earnings of Amanda for the day using the straight piecework incentive scheme.

$(4$ marks$)$

INFORMATION

The standard time to produce a product is $10$ minutes. Amanda is paid R$120$ per hour and the normal

working day is $8$ hours. If Amanda produces more than her quota, she receives $1\mathrm{.}5$ times the hourly

rate on the additional output. Amanda produced $54$ units for the day. $1\mathrm{.}4$

REQUIRED

Complete the following table that would reflect the value of issues to production and inventory balances using the first$-$in$-$first out method of inventory valuation:

$\backslash$table$[[,$Purchases,Issues$/$Returns$,$Balance$],[$Date$,$Quantity,Price,Amount,Quantity,Price,Amount,Quantity,Price,Amount$]]$

INFORMATION

The transactions of Kerman Manufacturers for January $2024$ are as follows:

$\backslash$table$[[$January$,$Transaction,Units,Price per unit$],[01,$Opening inventory,$4000,$R$3\mathrm{.}00],[06,$Purchased from a supplier,$1600,$R$3\mathrm{.}20],[20,$Purchased from a supplier,$3000,$R$3\mathrm{.}30],[07,$Issued to production,$3200,?],[27,$Issued to production,$4000,?]]1\mathrm{.}5$

REQUIRED

Use the information provided below to determine the expected productive working hours of Anna for

Commence your calculations with the number of days in the year.

INFORMATION

Anna worked for $9$ hours per day from Monday to Friday during $2023.$ She is entitled to $28$ days paid

vacation leave. There were $13$ public holidays, $12$ of which fell on weekdays. The business is closed

on public holidays.

Calculate the remuneration of Molly for $08$ February $2024$ using Taylor's differential piecework system.

$(4$ marks$)$

INFORMATION

The following information relates to the remuneration of Molly for $08$ February $2024$:

$\begin{array}{cc}Standard\text{t}\text{i}\text{m}\text{e}\text{a}\text{l}\text{l}\text{o}\text{w}\text{e}\text{d}& 20\text{m}\text{i}\text{n}\text{u}\text{t}\text{e}\text{s}\text{p}\text{e}\text{r}\text{u}\text{n}\text{i}\text{t}\\ Standard\text{w}\text{o}\text{r}\text{k}\text{d}\text{a}\text{y}& 8\text{h}\text{o}\text{u}\text{r}\text{s}\\ \text{N}\text{o}\text{r}\text{m}\text{a}\text{l}\text{w}\text{a}\text{g}\text{e}\text{r}\text{a}\text{t}\text{e}& R120\text{p}\text{e}\text{r}\text{h}\text{o}\text{u}\text{r}\\ \text{P}\text{r}\text{e}\text{m}\text{i}\text{u}\text{m}& 90\%of\text{p}\text{i}\text{e}\text{c}\text{e}\text{w}\text{o}\text{r}\text{k}\text{r}\text{a}\text{t}\text{e}if\text{b}\text{e}\text{l}\text{o}\text{w}standard\\ ?& 110\%of\text{p}\text{i}\text{e}\text{c}\text{e}\text{w}\text{o}\text{r}\text{k}\text{r}\text{a}\text{t}\text{e}ifstandardor\text{a}\text{b}\text{o}\text{v}\text{e}standard\\ \text{M}\text{o}\text{l}\text{l}\text{y}\text{'}\text{s}\text{p}\text{r}\text{o}\text{d}\text{u}\text{c}\text{t}\text{i}\text{o}\text{n}\text{f}\text{o}\text{r}\text{t}\text{h}\text{e}\text{d}\text{a}\text{y}& 27\text{u}\text{n}\text{i}\text{t}\text{s}\end{array}$

$1\mathrm{.}2$

REQUIRED

Use the information provided below to calculate the economic order quantity.

$(4$ marks$)$

INFORMATION

The average monthly usage of an item that costs R$2$ each and sells for R$4\mathrm{.}50$ each is $600$ units. The holding cost is $10\%$ of the cost of the item. The cost to place an order is R$20.$