Compute the machine - hour rate from the following Data Cost of machine Estimated scrap value after the expiry of its us

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Compute The Machine Hour Rate From The Following Data Cost Of Machine Estimated Scrap Value After The Expiry Of Its Us 1 (104.54 KiB) Viewed 14 times

Compute the machine - hour rate from the following Data Cost of machine Estimated scrap value after the expiry of its useful life (5 years) 5,00,000 Rent and rates for the shop per month 10,000 General lighting for the shop per month 6,000 Insurance premium for the machine per annum 48,000 Repairs and maintenance expenses per annum 50,000 Power consumption,- 10 units per hour @ $6 per unit Estimated working hours per annum 2,200 (including setting-up time of 200 hours;no power is required during setting-up time) 60 Shop supervisor's salary per month 30,000 The machine occupies one-forth of the total area of the shop. The supervisor is expected to devote one-fifth of his time for supervising the machine. Determine machine-hour rate. $ 30,00,000