Calculation of machine hour rate

Ravi Varma Alluri (Student) (44 Points)

19 July 2012  

Calculate Machine Hour Rate per year of a machine for the year from the following information related to five machines of similar type in a shop

a) Rent & rates of shop - Rs2400/-

b) Depreciation -Rs 250/-

c) Repairs & Maintenance for 5machines - Rs 500/-

d) Electricity Charges for light in shop - Rs270/-

e) Two attendants salary for 5machines - Rs30/- per month

f) One Supervisior for 5 machines - Rs125/- per month

g) Sundry Supplies - Rs 225/- per month

h) Each Machine uses 10units of power per hour.

Kindly provide solution.

Thanks & Regards,

Ravi