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Find text or tools Answer ALL the questions. (100 MARKS) QUESTION 1...

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Accounting

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Answer ALL the questions.

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QUESTION $1$

$1.1$

$(20$ Marks $)$

REQUIRED

Calculate the remuneration of Molly for $08$ February $2024$ using Taylor's differential piecework system.

INFORMATION

$(4$ marks $)$

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

$\begin{matrix} S t a n d a r d t i m e a l l o w e d & 20 m i n u t e s p e r u n i t \\ S t a n d a r d w o r k d a y & 8 h o u r s \\ N o r m a l w a g e r a t e & R 120 p e r h o u r \\ P r e m i u m & 90 % o f p i e c e w o r k r a t e i f b e l o w s t a n d a r d \\ ? & 110 % o f p i e c e w o r k r a t e i f s t a n d a r d o r a b o v e s t a n d a r d \\ M o l l y' s p r o d u c t i o n f o r t h e d a y & 27 u n i t s \end{matrix}$

$1.2$

REQUIRED

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

Answer & Explanation Solved by verified expert

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