1 3 1 4 Use The Information Provided Below To Calculate Samantha S Remuneration For 17 March 2022 Information 4 Marks 1 (35.03 KiB) Viewed 9 times
1 3 1 4 Use The Information Provided Below To Calculate Samantha S Remuneration For 17 March 2022 Information 4 Marks 2 (36.48 KiB) Viewed 9 times
1.3 1.4 Use the information provided below to calculate Samantha's remuneration for 17 March 2022. INFORMATION (4 marks) Samantha's normal wage is R300 per hour and her normal working day is 8 hours. The standard production time for each employee is 4 units for every 30 minutes. On 17 March 2022, Samantha's production was 76 units. Using the Halsey bonus system, a bonus of 50% of the time saved is given to employees. Calculate the earnings of G. Henry using the straight piecework incentive scheme from the information provided below. INFORMATION (4 marks) G. Henry is employed by Royal Manufacturers and is paid R250 per hour. His normal working day is 9 hours. The standard time to produce a product is 5 minutes. If G. Henry produces more than his quota, he receives 1½ times the hourly rate on the additional output. G. Henry produced 132 units for the day.
1.5 From the information provided below complete the table using the FIFO method of inventory valuation: Date Quantity Price Amount Quantity Price Amount Date 01 The following transactions of Franco Manufacturers took place during March 2022: 05 12 24 Purchased 16 28 Transaction Opening inventory Purchased from a supplier Purchased from a supplier Purchased from a supplier Issues and returns Issued to production Issued to production Units 1 600 600 1300 1 600 1 800 Quantity 1 300 Balance Price Amount Price per unit R3.50 R4.00 R4.50 R5.00 (4 marks) ? ?
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