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Compute the machine hour rate from the following data: (i) Total machine cost to be depreciated (ii) Life 10 years.

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Compute the machine hour rate from the following data:

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(i) Total machine cost to be depreciated (ii) Life 10 years. (iii) Depreciation on straight line (iv) Departmental overheads (annual) Rent Heat and lighting Supervision (v) Department area Machine area (vi) 26 machines in the department (vii) Annual cost of reserve equipment for the machines (viii) Hours run on production (ix) Hours for setting and adjusting Rs. 2,30,000 Rs. 50,000 Rs. 20,000 Rs. 1,30,000 70,000 sq ft 2,500 sq ft 1,500 1,800 200 (x) Power cost Re. 0.50 per hour of running time (xi) Labour (a) when setting and adjusting, full time attention; (b) when machine is producing; one man can look after 3 machines. (xii) Labour rate Rs. 6 per hour

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To compute the machine hour rate we need to consider the total machine cost to be depreciated the life of the machines departmental overheads and othe…View the full answer


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Related Book For  answer-question
Cost Accounting

Cost Accounting

ISBN: 9780070221628

4th Edition

Authors: Jawahar Lal, Seema Srivastava

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Question Details
Chapter # 6- FACTORY OVERHEADS: DISTRIBUTION
Section: Problem
Problem: 15
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Question Posted: September 05, 2023 01:33:30
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