Unused leave days per employee as at 30 june 2020

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Unused leave days, peremployee, as at 30 June 2020Number of days expected to beused, per employee, during thenext leave cycleDirectors9Sales managers15Production operators7587
ANSWER THE FOLLOWING QUESTIONS BY CHOOSING THE CORRECT OPTION OUTOF THE FIVE OPTIONS GIVEN FOR EACH QUESTION.QUESTION 1The total annual gross salaries included in the short-term employee benefits of Moringa Ltdfor the year ended 30 June 2020 amounts to:
QUESTION 2The total bonus provision for sales managers at 30 June 2020 amounts to:
QUESTION 3The total amount of bonuses paidyear ended 30 June 2020 amounts to:
FAC3703/101QUESTION 4The total leave pay accrual at 30 June 2020 amounts to:1) R178 5432) R180 2363) R31 9064) R275 2765) R190 148
23QUESTIONS 6 TO 10 ARE BASED ON THE FOLLOWING INFORMATION:Durag Ltd is a company that manufactures head scarfs and has a 31 December year end.The directors of Durag Ltd approved the construction of a new factory on a piece of landowned by Durag Ltd. The factory is a qualifying asset in terms of IAS 23,Borrowing Costs.On 1 May 2020 the plans for the construction of the new factory were approved by the citycouncil.Zero Bank granted Durag Ltd a loan of R3 800 000 on 1 May 2020 for the construction of thefactory. The loan will be paid out, by Zero Bank, in four progress payments made directly tothe contractor as and when the invoices are received, by Durag Ltd, from the contractor. Theloan bears interest at 8.5% per annum and is repayable, starting from 1 January 2021, oversix years in bi-annual instalments of R410 794 each.
QUESTION 5 IS BASED ON THE FOLLOWING INFORMATION:Gomora Ltd entered into an agreement with its long-term CEO. In terms of the agreement, theCEO will vacate his position, effective on 28 February 2020. On this date, the CEO will nolonger be entitled to his normal salary. He will however be entitled to an allowance of R45 000per month for a period of 6 months provided he does not render his services to any otheremployer during that period.QUESTION 5In term of IAS 19,Employee Benefitsthe amount paid to the CEO during the period1 March 2020 to 31 August 2020 can be categorised as:
24The construction of the factory commenced on 1 June 2020. The total cost of the factory(excluding interest) was R3 800 000, and the progress payments were made as follows:Date01 June 20201 000 00001 August 2020250 00030 September 20201 400 00030 November 20201 150 000Total expenditure3 800 000The construction of the factory was completed on 1 December 2020. The factory was readyfor use on 1 December 2020 and brought into use on 1 March 2021.The factory will be depreciated using the straight-line method over its useful life of 15 yearsand has a residual value of R230 000.R

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Term
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International Financial Reporting Standards, myUnisa

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