Question
REQUIRED Use the information provided below to calculate the economic order quantity (expressed to the next whole number). INFORMATION Savoy Traders intends purchasing 19 200
REQUIRED Use the information provided below to calculate the economic order quantity (expressed to the next whole number). INFORMATION Savoy Traders intends purchasing 19 200 watches at R80 each in the next year. The watches will be sold for R120 each at a steady rate during the year. The cost of placing a single order for the watches amounts to R24. The inventory holding cost amounts to 10% of the unit purchase price.
1.2 REQUIRED Use the information provided below to calculate Brenda's earnings for 13 February 2023 using the straight piecework incentive scheme.
INFORMATION Brenda is employed by Hip Manufacturers and is paid R100 per hour. The normal working day is 9 hours. The standard time to produce a product is 6 minutes. If Brenda produces more than her quota, she receives 1.5 times the hourly rate on the additional output. Brenda produced 120 units on 13 February 2023. (
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