From the data given below, calculate the machine hour rate: Per annum $ Rent of...
50.1K
Verified Solution
Link Copied!
Question
Accounting
From the data given below, calculate the machine hour rate: Per annum $ Rent of the department (space. 720 occupied by machine is 1/5 of the department) Lighting (number of men in the department, 12, two men are engaged on this machine) 228 Insurance 36 Cotton waste, oil, etc. 60 Salary of foreman (one-fourth of the foreman's time is occupied by this machine) 6000 The cost of the machine is $9,200 and it has an estimated scrap value of $200. It is ascertained from past experience: (i) that the machine will work for 1,800 hours per annum; (ii) that it will incur expenditure of $1,125 in respect of repairs and maintenance; (iii) that it consumes 8 units of power per hour at the cost of $1 per unit; and (iv) that the working life of the machine will be 10 years
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
