9. Compute the machine hour rate from the following data. Cost of the machine – 1,00,000; Installation Charge – 10,000; Estimated crap value (after its life of 15 years) - 5,000; Rent for the shop per month – 200; Lighting-for the shop per month – 300; Insurance premium for the machines per unnum – 960; Repairs per annum – 1,000; Power.consumption 10 units per hour; Rate of power per 100 units Rs.20; Estimated working hours per annum - 2,000 ours; Shop supervisor's salary per month Rs.600; The Machine occupies 1/4th of ne total area of the shop. The supervisor devotes 1/5th of his time for supervising - ne Machine
9. Compute the machine hour rate from the following data. Cost of the machine – 1,00,000; Installation Charge – 10,000; Estimated crap value (after its life of 15 years) - 5,000; Rent for the shop per month – 200; Lighting-for the shop per month – 300; Insurance premium for the machines per unnum – 960; Repairs per annum – 1,000; Power.consumption 10 units per hour; Rate of power per 100 units Rs.20; Estimated working hours per annum - 2,000 ours; Shop supervisor's salary per month Rs.600; The Machine occupies 1/4th of ne total area of the shop. The supervisor devotes 1/5th of his time for supervising - ne Machine
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:9. Compute the machine hour rate from the following data.
Cost of the machine – 1,00,000; Installation Charge – 10,000; Estimated
scrap value (after its life of 15 years) – 5,000; Rent for the shop per month - 2003;
Lighting-for the shop per month – 300; Insurance premium for the machines per
annum – 960; Repairs per annum – 1,000; Power.consumption 10 units per hour;
Rate of power per 100 units Rs.20; Estimated working hours per annum - 2,000
hours; Shop supervisor's salary per month Rs.600; The Machine occupies 1/4th of
the total area of the shop. The supervisor devotes 1/5th of his time for supervising
the Machine.
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