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QUESTION 4 (15) A manufacturer has employed a Supply Chain practitioner. His basic...

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Accounting

QUESTION 4
(15)
A manufacturer has employed a Supply Chain practitioner. His basic annual salary is R780000 and he is entitled to an annual bonus of R80000. The company operates a 40-hour week and employees are entitled to four weeks' annual leave. There are 13 public holidays annually. Idle time is equal to 3% of available productive time. The company contributes 8,5% and 1% of the basic salary towards the pension fund and UIF, respectively. Assume that there are 52 weeks in the year.
Calculate the following:
4.1 Annual productive hours. Show all your calculations.
4.2 Total annual labour cost. Show all your calculations.
4.3 Hourly recovery rate. Show all your calculations.
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