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Which one of the following statements is false? A. Management accounting reports are produced as often as required. B. Management accounting reports tend to be
Which one of the following statements is false? A. Management accounting reports are produced as often as required. B. Management accounting reports tend to be specific C. Management accounting reports are not required by law. D. Management accounting reports are subjected to the principles and practices of GAAP. Donny is employed by ABC Limited. His normal working week is 46 hours (Monday to Friday). The number of hours worked by Donny for a week in March 2021 is: Sunday: 4 hours Monday: 10 hours Tuesday: 11 hours Wednesday: 9 hours Thursday: 11 hours Friday: 10 hours Saturday: 4 hours Additional information: 1. Donny is remunerated as follows: Normal wage rate R110 per hour Overtime (Monday to Saturday) 1.5 times the normal rate Overtime (Sunday) Double the normal rate 2. Pension fund is calculated on normal pay as follows: Employee's deduction 7.5% Employer's contribution 9% 3. Medical aid tund: Employee's deduction R1 200 per month Employer's contribution R1 200 per month 4. Income tax is calculated at 20% of the taxable income (i.e. gross salary less pension deduction) Donny worked hours overtime for the week in March for which he will be paid 1.5 times the normal rate. A. none of the above B.7 C. 9 D. 4
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