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QUESTION 3: (Budgets) (10 Marks) The accountant at SAC is in the process of compiling the annual budget. She asks you to
Posted: Sun Jul 03, 2022 1:31 pm
by answerhappygod
- Question 3 Budgets 10 Marks The Accountant At Sac Is In The Process Of Compiling The Annual Budget She Asks You To 1 (62.25 KiB) Viewed 11 times
QUESTION 3: (Budgets) (10 Marks) The accountant at SAC is in the process of compiling the annual budget. She asks you to assist with the labour budget. You gather the following information: Budgeted production units Labour hour per unit Number of employees Weekly hours per employee (9 hours per day) Number of weeks per annum Working days per week Number of public holidays falling on workdays Leave entitlement: 15 workdays per annum per employee. (Excluding any public holidays) Normal rate Overtime rate Efficiency Required: 15,000 3 18 45 52 5 10 15 75 1.5 times normal rate 80% 1. Calculate the labour budget: hours and rand value.