Question 3 (48 marks) Roberts Engineers (Pty) Ltd has been in the construction business for the past 18 years and are considered as one of the major players in the industry. They are currently part of a team of four major construction companies engaged in a massive low-to-medium income housing project; in which their part is to lay and complete the foundation for each house and leave the rest to other team members. This project commenced on 1 June 2022.

foundation for each house and leave the rest to other team members. This project commenced on 1 June 2022. As the project cost accountant of Roberts Engineers (Pty) Ltd, you have recorded the following monthly and annual cost figures with respect to this housing project: - On average, your company completes 350 foundations per month; and in the process uses 13(50kg) bags of cement on each foundation; and each 50kg bag costs R80. - The cost of direct labour is R 22500 per foundation completed. - Your company's site supervisor is paid R 54000 per month - Four different types of earth moving machinery used by your company are leased at R 250000 each per month - Each foundation completed is subject to a quality check at a cost of R 12500 - Each foundation completed uses 8500 bricks at a cost of R 2100 per 1000 bricks - A purchasing agent used to source the best prices for construction materials for your company is paid a commission of R 16000 per month - Your company is using this housing project to advertise itself to potential customers at a cost of R 25400 per month - An on-site administrative office has been set up and the total monthly salary bill for the six people running it amounts to R85000 - The annual insurance bill paid by your company for this project amounts to R 135700 - A 10-litre container of paint is used on each foundation at a cost of R 1600 per container