Compute machine hour rate from the following data:
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compute machine hour rate from the following data 618450
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Cost of the machine |
1,44,000 |
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Installation charges |
6,000 |
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Estimated scrap value at the end |
6,000 |
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Effective working life of the machine |
12,000 hours |
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Estimated repairs over the effective working life of the machine |
12,000 |
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Standing charges allocated to the machine per year |
5,760 |
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Power bill per year |
7,200 |
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Power consumed by the machine is 20 units per hour at a cost of 25 paise per unit. |
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