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$1\mathrm{.}1$

REQUIRED

Calculate the remuneration of Moly for $08$ February $2024$ using Taylor's differential piecework sy stem.

$(4$ marks$)$

INFORMATION

The following information relates to the remuneration of Molly for $08$ February $2024$:

$\backslash$table$[[$Standard time allowed,$20$ minutes per unit$],[$Standard workday,$8$ hours$],[$Normal wage rate,R$120$ per hour$],[$Premium$,90\%$ of piecework rate if below standard$],[,110\%$ of piecework rate if standard or above standard$],[$Molly$\text{'}$s production for the day,$27$ units$]]$

$1\mathrm{.}2$

REQUIRED

Use the information provided below to calculate the economic order quantity.

$(4$ marks$)$

INFORMATION

The average monthly usage of an item that costs R$2$ each and sells for R$4\mathrm{.}50$ each is $600$ units. The holding cost is $10\%$ of the cost of the item. The cost to place an order is R$20.$

$1\mathrm{.}3$

REQUIRED

Calculate the eamings of Amanda for the day using the straight piecework incentive scheme.

$(4$ marks$)$

INFORMATION

The standard time to produce a product is $10$ minutes. Amanda is paid $R120$ per hour and the normal working day is $8$ nours. If Amanda produces more than her quota, sne receives $1\mathrm{.}5$ times the hourly rate on the addirional output. Amanda produced $54$ units for the day.

$1\mathrm{.}4$

REQUIRED

Complete the solowing table that would refled the value of issues to production and inventory balances using the first$-$in$-$first out method of inventory valuation:

$\backslash$table$[[,$Purchases,lssues$/$Returns$,$Balance$],[$Date$,$Quantity,Price,Amount,Quantity,Price,Amount,quantity,Price,Amoun$]]$

imFORMATION

The varsasions of Kerman Manufacturers for January $2024$ are as follows:

$\backslash$table$[[$January$,$Tranaaction,Unita,Price per unit$],[01,$Opening inventory,$4000,$R$3\mathrm{.}00],[05,$Purchased from a suppier,$1600,$R$3\mathrm{.}20],[20,$Purchased from a suppier,$3000,$R$3\mathrm{.}30],[07,$Issued to production,$3200,?$

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