Question

Rs. 1,516.4, Cost of Job 1308
Key points:
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Riddle 63
Compute the machine hour rate from the following data:
i. Total machine cost to be depreciated Rs. 2,30,000
ii.
Life: 10 years
iii. Depreciation on straight line
iv. Departmental overheads (annual)
Rent
Rs. 50,000
Heat & Light
Rs. 20,000
Supervision
Rs. 1,30,000
Departmental area
70,000 squarc fcct
Machine area
2,500 squarc fcct
vi. Annual cost of reserve equipment for the machines
Rs. 1,500
vii. Hours run on production
Rs. 1,800
viii. Hours for setting and adjusting
200
ix. Power cost Re. 0.50 per hour of running timc.
Labour (a) when setting and adjusting, full time attention
(b) When machine is producing, one man can look after three machines.
xi
Labour rate Rs. 6 per hour.
xi. There are 26 machines in the department.
Answer
Machine hr rate Rs. 20.14]
K
X.
Key points:-​

Answer 1

Explanation:

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