1.1 Calculate the annual economic order quantity from theinformation provided below.
INFORMATION
GM Electronics expects to sell 800 alarm systems each month of2022 at R4 000 each. The cost price of each alarm system is R2 000.The inventory holding cost of an alarm system is 1% of the unitcost price. The cost of placing an order for the alarm systems isestimated at R60. (4 Marks)
1.2 Study the information provided below and calculate thehourly recovery tariff per hour (expressed in rands and cents) ofMartha.(4 Marks)
INFORMATION
The basic annual salary of Martha is R576 000. She is entitledto an annual bonus of 90% of her basic monthly salary. Her employercontributes 8% of her basic salary to her pension fund. She worksfor 45 hours per week (from Monday to Friday). She is entitled to21 days paid vacation leave. There are 12 public holidays in theyear (365 days), 8 of which fall on weekdays. (4 Mark)
1.3 Use the information provided below to calculateSamantha’s remuneration for 17 March 2022.
INFORMATION
G. Henry is employed by Royal Manufacturers and is paid R250 perhour. His normal working day is 9 hours. The standard time toproduce a product is 5 minutes. If G. Henry produces more than hisquota, he receives 1½ times the hourly rate on the additionaloutput. G. Henry produced 132 units for the day.
1.4 Use the information provided below to calculateSamantha’s remuneration for 17 March 2022. (4 marks)
INFORMATION
Samantha’s normal wage is R300 per hour and her normal workingday is 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. (4 Marks)
1.1 Calculate the annual economic order quantity from the information provided below. INFORMATION GM Electronics expects
-
- Site Admin
- Posts: 899603
- Joined: Mon Aug 02, 2021 8:13 am