SECTION A Answer ALL the questions in this section. Question 1 Use the information provided to answer the questions. [100 MARKS] 1.1 Calculate the annual economic order quantity from the information provided below. INFORMATION (4 marks) GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price of each alarm system is R2 000. The inventory holding cost of an alarm system is 1% of the unit cost price. The cost of placing an order for the alarm systems is estimated at R60. 1.2 Study the information provided below and calculate the hourly recovery tariff per hour (expressed in rands and cents) of Martha. (4 marks) INFORMATION The basic annual salary of Martha is R576 000. She is entitled to an annual bonus of 90% of her basic monthly salary. Her employer contributes 8% of her basic salary to her pension fund. She works for 45 hours per week (from Monday to Friday). She is entitled to 21 days paid vacation leave. There are 12 public holidays in the year (365 days), 8 of which fall on weekdays. 1.3 Use the information provided below to calculate Samantha's remuneration for 17 March 2022. INFORMATION (4 marks) Samantha's normal wage is R300 per hour and her normal working day is 8 hours. The standard production time for each employee is 4 units for every 30 minutes. On 17 March 2022, Samantha's production was 76 units. Using the Halsey bonus system, a bonus of 50% of the time saved is given to employees. 1.4 Calculate the earnings of G. Henry using the straight piecework incentive scheme from the information provided below. (4 marks) 1.5 INFORMATION G. Henry is employed by Royal Manufacturers and is paid R250 per hour. His normal working day is 9 hours. The standard time to produce a product is 5 minutes. If G. Henry produces more than his quota, he receives 1 times the hourly rate on the additional output. G. Henry produced 132 units for the day. From the information provided below complete the table using the FIFO method of inventory (4 marks) valuation: Purchased Issues and returns Balance Date Quantity Price Amount Quantity Price Amount Quantity Price Amount The following transactions of Franco Manufacturers took place during March 2022: Date Transaction 01 Opening inventory Units 1600 Price per unit R3.50 05 Purchased from a supplier 600 R4.00 12 Purchased from a supplier 1 300 R4.50 24 Purchased from a supplier 1600 R5.00 16 Issued to production 28 20 Issued to production 1 800 ? 1300 ?