7 Calculate Machine Hour Rate for the Machine No.101 from the following ata. Cost of the machine 16,000; Estimated scrap value - 1,000; Effective working life - 10,000 hours; Running time per 4 weekly period is 160 hours; Average cost of repairs per 4 weekly; Period is Rs.120; Standing Charges 4 weekly period Rs.40; Power Used by Machine 4 units per hour at a cost of 0.05 per unit.

7 Calculate Machine Hour Rate for the Machine No.101 from the following ata. Cost of the machine 16,000; Estimated scrap value - 1,000; Effective working life - 10,000 hours; Running time per 4 weekly period is 160 hours; Average cost of repairs per 4 weekly; Period is Rs.120; Standing Charges 4 weekly period Rs.40; Power Used by Machine 4 units per hour at a cost of 0.05 per unit.

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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