REQUIRED Use the information given below to prepare the Income Statement of Costa Enterprises for the year ended 31 December 2022 using the absorption costing method. INFORMATION Costa Enterprises commenced operations on 02 January 2022, and produces a single product that sells for R72 per unit. During 2022, 300 000 units of the product were manufactured of which 240 000 units were sold. There was no work-in-process inventory at the end of the year. Manufacturing costs and marketing and administrative costs for 2022 were as follows: Costs/Expenses Direct materials Direct labour Manufacturing overheads cost Marketing and administrative cost 2.2 Fixed R1 200 000 R600 000 (10 marks) Variable R12 per unit produced R8 per unit produced R4 per unit produced R2 per unit sold REQUIRED Use the information given below to calculate the net wage of P. Nkosi for the last working week of March 2023 (5 marks) INFORMATION P. Nkosi is employed by Morkel Enterprises. The normal working week is 45 hours. P. Nkosi worked for 49 hours during the last working week of March 2023. She is remunerated at R200 per hour during normal working hours. Overtime is calculated at 1.5 times the normal rate. The following were her deductions for the week: Medical aid fund R800 Pension fund 7.5% of normal wages 20% of the taxable income Income tax

Use the information given below to prepare the Income Statement of Cosla Enterprises for the year ended 31 December 2022 using the absorption costing method INFORMATION (10 marks) Costa Enterprises commenced operations on 02 January 2022, and produces a single product that sells for R72 per unit During 2022, 300000 units of the product were manufactured of which 240000 units were sold. There was no work-in-process inventory at the ond of the year. Manufacturing costs and marketing and administrative costs for 2022 were as follows: 22 REQUIRED Use the information given below to calculate the net wage of P Nkosi for the last working week of March 2023 INFORMATION (5 marks) P. Nkosi is employed by Morkel Enterprises. The normal working woek is 45 hours. P. Nkosi worked for 49 hours during the last working week of March 2023 She is remunerated at R200 per hour during normal working hours Overtime is calculated at 1.5 times the normal rate. The