1.1 Calculate the annual economic order quantity from theinformation provided below. (4 marks)
INFORMATIONGM Electronics expects to sell 800 alarm systems each month of 2022at R4 000 each. The cost price of eachalarm system is R2 000. The inventory holding cost of an alarmsystem is 1% of the unit cost price. The cost ofplacing an order for the alarm systems is estimated at R60.
1.2 Study the information provided below and calculate thehourly recovery tariff per hour (expressed inrands and cents) of Martha.
INFORMATIONThe basic annual salary of Martha is R576 000. She is entitled toan annual bonus of 90% of her basic monthlysalary. Her employer contributes 8% of her basic salary to herpension fund. She works for 45 hours per week (fromMonday to Friday). She is entitled to 21 days paid vacation leave.There are 12 public holidays in the year (365days), 8 of which fall on weekdays.
1.3 Use the information provided below to calculate Samantha’sremuneration for 17 March 2022.
INFORMATIONSamantha’s normal wage is R300 per hour and her normal working dayis 8 hours. The standard production time foreach employee is 4 units for every 30 minutes. On 17 March 2022,Samantha’s production was 76 units. Using theHalsey bonus system, a bonus of 50% of the time saved is given toemployees.
1.4 Calculate the earnings of G. Henry using the straightpiecework incentive scheme from theinformation provided below.
INFORMATIONG. Henry is employed by Royal Manufacturers and is paid R250 perhour. His normal working day is 9 hours. Thestandard time to produce a product is 5 minutes. If G. Henryproduces more than his quota, he receives 1½ timesthe hourly rate on the additional output. G. Henry produced 132units for the day.
1.5 From the information provided below complete the table usingthe FIFO method of inventoryvaluation:
- Question 1 Use The Information Provided To Answer The Questions 1 1 Calculate The Annual Economic Order Quantity From T 1 (280.44 KiB) Viewed 11 times