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