Calculate machine hour rate from the following yearly charges of a shop where
work is done by means of 5 machines of exactly similar types and specification
Rent and rates
44,800
Deprecation on each machine
55,000
Repairs and maintenance for 5 machines
1,10,000
Electric Charges for the shop
44,500
Sundry Supplies for the shop
45,500
Two Attendants looking after 5 machines paid Rs 12,000 per month each
Supervisor looking after 5 machines is paid Rs 25,500 per month
The Machines uses 10 units of power per hour @Rs 3.50 per unit .Each machine
can work 200 hours per month
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