Question: Dineo was impressed by your input conceming classifying the costs incurred to run her factory textile. As a result, she employed you to become her

Dineo was impressed by your input conceming classifying the costs incurred to run her factory textile. As a result, she employed you to become her accounting assistant. She is concerned about her direct and indirect labour costs and has provided you with the following information on rates paid to employees per hour according to hours worked for week four. Week four labour hours Additional information: - Normal hours worked per week amount to 45 hours. Overtime is incurred at 1.5 times the normal rate. - The following deductions are deducted by Dineo on behalf of the employees: - PAYE: \10 of gross income - UIF: \7.5 of gross income - Medical aid: R50 per employee - Dineo contributes \7.5 of gross wages to the UIF (unemployment insurance fund) and R100 for medical aid. Required: Calculate the gross and net wages payable by Dineo for week four and analyse the labour and cost into direct and indirect labour. (27 marks) Do you want to add text? The premium Edit a PDF tool lets you modify text and images in PDF files. 4 HICMA1181-Ju-DeC2023-FA1-AM-V3-30062023 Start free trial Dineo was impressed by your input conceming classifying the costs incurred to run her factory textile. As a result, she employed you to become her accounting assistant. She is concerned about her direct and indirect labour costs and has provided you with the following information on rates paid to employees per hour according to hours worked for week four. Week four labour hours Additional information: - Normal hours worked per week amount to 45 hours. Overtime is incurred at 1.5 times the normal rate. - The following deductions are deducted by Dineo on behalf of the employees: - PAYE: \10 of gross income - UIF: \7.5 of gross income - Medical aid: R50 per employee - Dineo contributes \7.5 of gross wages to the UIF (unemployment insurance fund) and R100 for medical aid. Required: Calculate the gross and net wages payable by Dineo for week four and analyse the labour and cost into direct and indirect labour. (27 marks) Do you want to add text? The premium Edit a PDF tool lets you modify text and images in PDF files. 4 HICMA1181-Ju-DeC2023-FA1-AM-V3-30062023 Start free trial
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