Answer Happy

Calculate the annual economic order quantity from theinformation provided below. (4 marks) INFORMATION GM Electronicsexpects to sell 800 alarm systems each month of 2022 at R4 000each. The cost price of each alarm system is R2 000. The inventoryholding cost of an alarm system is 1% of the unit cost price. Thecost of placing an order for the alarm systems is estimated at R60.1.1 Study the information provided below and calculate the hourlyrecovery tariff per hour (expressed in rands and cents) of Martha.(4 marks) INFORMATION The basic annual salary of Martha is R576000. She is entitled to an 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 (from Monday toFriday). She is entitled to 21 days paid vacation leave. There are12 public holidays in the year (365 days), 8 of which fall onweekdays. 1.2 Use the information provided below to calculateSamantha’s remuneration for 17 March 2022. (4 marks) INFORMATIONSamantha’s normal wage is R300 per hour and her normal working dayis 8 hours. The standard production time for each employee is 4units for every 30 minutes. On 17 March 2022, Samantha’s productionwas 76 units. Using the Halsey bonus system, a bonus of 50% of thetime saved is given to employees. 1.3 Calculate the earnings of G.Henry using the straight piecework incentive scheme from theinformation provided below. (4 marks) INFORMATION G. Henry isemployed by Royal Manufacturers and is paid R250 per hour. Hisnormal working day is 9 hours. The standard time to produce aproduct is 5 minutes. If G. Henry produces more than his quota, hereceives 1½ times the hourly rate on the additional output. G.Henry produced 132 units for the day. 1.4 From the informationprovided below complete the table using the FIFO method ofinventory valuation: 1.5 (4 marks) Purchased Issues and returnsBalance Date Quantity Price Amount Quantity Price Amount QuantityPrice Amount The following transactions of Franco Manufacturerstook place during March 2022: Date Transaction Units Price per unit01 Opening inventory 1 600 R3.50 05 Purchased from a supplier 600R4.00 12 Purchased from a supplier 1 300 R4.50 24 Purchased from asupplier 1 600 R5.00 16 Issued to production 1 800 ? 28 Issued toproduction 1 300 ?