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The following information refers to questions 9 and 10: Average sales Maximum sales Minimum sales Lead-time Re-order quantity 75 per day 95 per day 50

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The following information refers to questions 9 and 10: Average sales Maximum sales Minimum sales Lead-time Re-order quantity 75 per day 95 per day 50 per day 12 - 18 days 1 750 9. An order for new stock should be issued at the following inventory level: A 1050 D 1750 B 1330 F 1810 C 1710 D 10. The maximum stock level is: A 1750 B 2860 C 3460 5210 6 100 E 11. An employee is paid N$4,50 per hour and normally works eight hours daily from Monday to Friday. During a certain week he also worked four hours on Saturday for which he was remunerated at time-and-a-half. On Sunday he worked for five hours at double rate. His gross wage for the week amounted to A N$220,50 N$252,00 B N$229,50 N$262,00 C N $243,00 12. Snow Ltd requires raw material SF on a continued basis in its manufacturing process The following information is available in respect of this raw material: Purchase price per unit N$64,00 Cost of placing an order N$40,06 Annual storage cost per unit N$1,75 Minimum lead-time 2 weeks Maximum lead-time 4 weeks Normal usage 420 units per week The economic order quantity is: A 500 B 1000 C 1200 D E 1400 1450 Page 14 of 27 13. Marion Ltd uses a continuous inventory system. The following details regarding item ZN 40 have been supplied to you: 10 2019 Units Unit price March 1 Opening balance 500 N$10,00 Purchased 200 10,98 Issued 300 Purchased 400 10,82 Issued 300 The value of the closing inventory according to the Weighted Average method was: B A C E N$2 575 N$5 275 N$7 525 D N N$3055 $7 200 14. An enterprise uses an incentive wage scheme. Factory workers are paid N$4 per unit, with a guaranteed wage of N$11,20 per hour. The following details are available for two of the employee's productivity for the week ending 21 April 2006 (each employee worked a total of 40 hours that week): Employee Units produced G Wong 120 F Chimmy 102 The wages eamed by the two employees for the week are as follows: G Wong N$448 N$448 N$480 N$480 N$480 F Chimmy N$480 N$448 N$448 N$ 408 N$480

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