Use the information provided below to calculate the hourly recovery tariff (expressed in rands and cents) of
Question:
- Use the information provided below to calculate the hourly recovery tariff (expressed in rands and cents) of Samantha.
INFORMATION
The annual basic salary of Samantha is R700 000. She is entitled to an annual bonus of R60 000. Her employer contributes R52 000 per annum to her pension fund. She works for 8 hours per day from Monday to Friday. She is entitled to 28 days paid vacation leave. There are 12 public holidays in the year (365 days), 8 of which fall on weekdays.
- Calculate Sam’s remuneration for the first working week of March 2022 from the following information.
INFORMATION
The normal wage of Sam is R300 per hour and his normal working week is 40 hours. The standard production for employees is 375 units per hour. During the first working week (40 hours) of March 2022, Sam produced 16 125 units. According to the Halsey bonus system, a bonus of 50% of the time saved is given to employees.
1.3 From the information provided below complete the table using the weighted average cost method of inventory valuation. Express the average cost per unit in rands and cents.
Purchases | Issues and returns | Balance | ||||||||||||||||||||||||||||||||||
Date | Quantity | Price | Amount | Quantity | Price | Amount | Quantity | Price | Amount | |||||||||||||||||||||||||||
The following transactions of Jozini Manufacturers took place during March 2021 in respect of a component used in production:
1.4 Use the information provided below to calculate the following variances and, in each case, provide a possible reason for the favourable or unfavourable variance. 1.4.1 Material quantity variance (4 marks) 1.4.2 Labour rate variance (4 marks) INFORMATION Optic Manufacturers set the following standards for Product A:
Actual figures of Optic Manufacturers for Product A for March 2022 are as follows:
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Elementary Statistics
ISBN: 978-0538733502
11th edition
Authors: Robert R. Johnson, Patricia J. Kuby