Question: YEAR Two (2) INTAKE July 2023 Semester 1 DATE 29 November 2023 TOTAL MARKS 100 Answer ALL the questions in this paper. QUESTION 1

YEAR Two (2) INTAKE July 2023 Semester 1 DATE 29 November 2023 TOTAL MARKS 100 Answer ALL the questions in this paper. QUESTION 1 1.1 REQUIRED [100 MARK (20 Mark Calculate Mary's earnings for 31 October 2023 using the straight piecework wage incentive scheme. INFORMATION (4 mar Mary is employed by Menton Manufacturers to sew dresses. The standard time to sew one dress is minutes. She is paid R120 per hour and the normal working time is 8 hours per day. If she sews more tha her quota, she receives 1.5 times the hourly rate on the additional output. On 31 October 2023 she sewe 18 dresses. 1.2 REQUIRED Calculate the net salary of H. Gordon for December. (4 mar INFORMATION H. Gordon's basic annual salary is R240 000. He receives an annual bonus of 80% of his basic month salary, payable in December each year. His pension deduction is 8% of the basic salary and income tax levied at 20% on his taxable income. 1.3 REQUIRED Calculate the economic order quantity for the year. + e T 00 00 (4 ma

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