(A) Calculate the machine hour rate of a machine with the information given as follows: Operating da

(A) Calculate the machine hour rate of a machine with the information given as follows:

Operating date:

Total no. of weeks per quarter

–13

Total no. of hours per week

– 48

Stoppage due to maintenance

– 8 hours p.m

Time taken for set-up

– 2 hours per week

Cost details:

Cost of machine

– Rs. 2,00,000

Repairs & Maintenance

– Rs. 24,000 p.a.

Consumable stores

– Rs. 30,000 p.a

Rent, rates and taxes

– Rs. 8,000 per quarter

Operators’ wages

– Rs. 3,000 p.m

Supervisor’s salary

– Rs. 5,000 p.m

Cost of power

– 15 units per hour at Rs. 3 per unit.

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