Question

Injection moulding machine hour rate calculation in india

Answer 1

Machine Hours Rate: Formula, Calculation, Problems and Solutions!

The machine hour rate is similar to the labour hour rate method and is used where the work is performed primarily on machines.

Formula:

The formula used in computing the rate is:

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Factory overhead/Machine hours

If factory overhead is Rs 3, 00,000 and total machine hours are 1,500, the machine hour rate is Rs 200 per machine hour (Rs 3, 00,000 ÷ 1500 hours).

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Answer 2

Injection moulding machine hour rate calculation in india

• Calculate the machine hour rate as follows: machine hour rate = fixed / standing charges per hour + running costs per hour.
• The hourly rates of standing charges and running charges are added together to create the machine hour rate. Following that, the sum of these rates is divided by the overall number of hours the machine worked during the base period.
• To calculate their machine shop charges, the machinists multiply the cost of the machine by the number of hours it will run each year (also known as the machining cost per hour). In order to estimate the cost of their projects, several clients use employ machining cost estimator apps.
• The maximum clamp force that an injection moulding machine is capable of producing is used to rate the clamp unit. The major function of the clamp unit is to maintain the mould closed during the injection process, which necessitates clamp force. The force rating is often expressed in tonnes. Therefore, a particular machine with a 200-ton rating is capable of delivering a maximum clamping force equal to 200 tonnes in total.

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