11 A company purchased a machine for Rs.50,000 and spent Rs.10.000 its errection. It occupied 1/5th space in the dept., Its life was estimated at 10 and scrape value of Rs.500. Form the following information find out the Machine nour rate. Rent & Rates for the department for the year Rs.2,500; Lighting for te department per month Rs.250; Repairs on the Machine per year Rs.1,500 msurance for the Machine of 3 months Rs.300%; Supervisor's Salary Per Month Rs.500. Supervisor spends 1/4th of his time on this Machine. This machine onsumes 10 units of power per hour. The cost of 100 units of power amounting to Es.10. The Machine consumed Rs.1,000 worth of power during the year.
11 A company purchased a machine for Rs.50,000 and spent Rs.10.000 its errection. It occupied 1/5th space in the dept., Its life was estimated at 10 and scrape value of Rs.500. Form the following information find out the Machine nour rate. Rent & Rates for the department for the year Rs.2,500; Lighting for te department per month Rs.250; Repairs on the Machine per year Rs.1,500 msurance for the Machine of 3 months Rs.300%; Supervisor's Salary Per Month Rs.500. Supervisor spends 1/4th of his time on this Machine. This machine onsumes 10 units of power per hour. The cost of 100 units of power amounting to Es.10. The Machine consumed Rs.1,000 worth of power during the year.
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:11 A company purchased a machine for Rs.50,000 and spent Rs.10 000
its errection. It occupied 1/5th space in the dept., Its life was estimated at 10 ve
and scrape value of Rs.500. Form the following information find out the Machire
hour rate.
Rent & Rates for the department for the year Rs.2,500; Lighting for the
department per month Rs.250; Repairs on the Machine per year Rs.1.500
Insurance for the Machine of 3 months Rs.30%; Supervisor's Salary Per Month
Rs.500.
Supervisor spends 1/4th of his time on this Machine. This machine
consumes 10 units of power per hour. The cost of 100 units of power amounting to
Rs.10. The Machine consumed Rs.1,000 worth of power during the year.
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