explain the utility of machine hour rate
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Machine hour rate is the cost of running a machine per hour. It is one of the methods of absorbing factory expenses to production. Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the number of hours the machine is estimated to work during that period.
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Machine hour rate is the cost of running a machine per hour. It is one of the methods of absorbing factory expenses to production. ... Machine hour rate is obtained by dividing the total running expenses of a machine during a particular period by the number of hours the machine is estimated to work during that period.
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