12 A machine was purchased on 1-1-2017 for Rs. 5,00,000. Estimated life of the machine is 10 years and scrap value at the end of 10 years is Rs. 5,000, Repairs and maintenance 2,000 per annum, estimated number of working hours 4,000 per annum, Insurance premium Rs. 4,000 per annum, Electricity consumption 25 units per hour @ 75 paise per unit, Rent per month Rs. 800, Lighting charges for 20 points for the whole department, out of which 3 points are for the machine Rs.120 per month. Compute machine hour rate.

12 A machine was purchased on 1-1-2017 for Rs. 5,00,000. Estimated life of the machine is 10 years and scrap value at the end of 10 years is Rs. 5,000, Repairs and maintenance 2,000 per annum, estimated number of working hours 4,000 per annum, Insurance premium Rs. 4,000 per annum, Electricity consumption 25 units per hour @ 75 paise per unit, Rent per month Rs. 800, Lighting charges for 20 points for the whole department, out of which 3 points are for the machine Rs.120 per month. Compute machine hour rate.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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