QUESTION 2 (25 marks) This question consists of two separate parts, both of which must be answered. PART 2.1 (10) Nozizwe, a general employee at Komani Limited, has an employment contract that contains the following conditions of service: A normal day is 9 hours, including the idle time of (45) minutes for tea and lunch breaks; and a normal week is 5 days, Monday to Friday. The basic wage rate is R35 per hour. Public holidays are fully paid and are equivalent to 2 weeks. Leave entitlement is 3 weeks and is also fully paid. Overtime is compensated at 1,5 times the normal rate. Actual information for the week ended 20 June 2021: Nozizwe worked 50 hours for the week under review. . REQUIRED: Calculate the following: 2.1.1 The annual normal wage that Nozizwe should earn. (19) [TURN OVER] 5 2.1.2 The expected annual productive hours. (472) 2.1.3 The total gross wage payable to Nozizwe for the week under review (please use the basic wage and overtime premium in your calculation). (4) PART 2.2 (15) Samuels Limited uses direct machine hours as the basis for allocating overheads to production. Budgeted overheads for the next year are R200 000 and budgeted machine time 62 500 hours. These hours are equal to average long-term capacity utilization of the machines. By the end of the year, total actual machine time was 66 000 hours and the actual overhead cost was R224 000. The company produced 10 000 units of its product. REQUIRED 2.2.1 Calculate the following: 2.2.1.1 The budgeted overhead recovery rate. (2) 2.2.1.2 The amount of absorbed overheads during the year. (2) 2.2.1.3 The under or over absorbed overheads for the year. (2) 2.2.1.4 The overhead cost component per unit used to value the inventory. (2) 2.2.2 Explain the purpose of a production overhead clearance account. Mention examples of clearance accounts found in the general ledger. (3) 2.2.3 How do production overheads flow through the accounting records? (4) [25]