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. (10 marks) 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 Fixed Variable Direct materials - R12 per unit produced Direct labour - R8 per unit produced Manufacturing overheads cost R1 200 000 R4 per unit produced Marketing and administrative cost R600 000 R2 per unit sold 2.2 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 Income tax 20% of the taxable income Morkel Enterprises contributes the same amount as the employees towards the medical aid fund and pension fund. 2.3 REQUIRED Consider the information given below and calculate the remuneration of Donald for the day. (5 marks) INFORMATION Donald, an employee of Disney Limited, is remunerated according to Taylors differential piecework system. The following details apply: Standard time allowed 150 units per hour Standard workday 8 hours Normal wage rate R180 per hour Premium 80% of piecework rate if below standard 120% of piecework rate if standard or above Donalds production for the day was 1 300 units