10. A machine shop has 8 identical machines manned by 6 operators. The machine cannot be...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
10. A machine shop has 8 identical machines manned by 6 operators. The machine cannot be worked without an operator wholly engaged on it. The original cost of all these machines workers out to 8 lakhs. These particulars are furnished for a 6 month period: Normal available hours per month per worker. Absenteeism (without pay) hours P.M. per worker Leave (with pay) hours per worker P.M Normal idle time Unavoidable hours per worker P.M. Average rate of wages per worker for 8 hours a day Average rate of production bonus estimated Value of Power consumed Supervision and indirect labour Lighting and electricity These particulars are for a year, Repairs and maintenance including consumables Insurance 208 18 20 10 20 15% on wages 78,050 3,300 *4,200- 3% of value of machines 40,000 10% of original cost 12,000 54,530 Depreciation Other sundry works expenses General management expenses allocated You are required to work out a comprehensive machine hour rate for the machine shop. 10. A machine shop has 8 identical machines manned by 6 operators. The machine cannot be worked without an operator wholly engaged on it. The original cost of all these machines workers out to 8 lakhs. These particulars are furnished for a 6 month period: Normal available hours per month per worker. Absenteeism (without pay) hours P.M. per worker Leave (with pay) hours per worker P.M Normal idle time Unavoidable hours per worker P.M. Average rate of wages per worker for 8 hours a day Average rate of production bonus estimated Value of Power consumed Supervision and indirect labour Lighting and electricity These particulars are for a year, Repairs and maintenance including consumables Insurance 208 18 20 10 20 15% on wages 78,050 3,300 *4,200- 3% of value of machines 40,000 10% of original cost 12,000 54,530 Depreciation Other sundry works expenses General management expenses allocated You are required to work out a comprehensive machine hour rate for the machine shop.
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
A machine shop has a large number of machines that fail regularly. One repairperson is available to fix them. Each machine fails on average every three hours, with time between failures being...
-
A machine shop has 120 equally noisy machines that together produce an intensity level of 92 dB. If the intensity level must be reduced to 82 dB, how many machines must be turned off?
-
A machine shop has seven jobs to be processed through two work centers in the following order: milling and then grinding. The start and finish times in hours for each job for each operation are given...
-
A module can be considered a(n) object or unit that can be combined or bound together to form a application. a. Dependent, big and complex b. Dependent, small and easier c. Independent, big and...
-
Rosie, the sole shareholder of Eagle Corporation, has a stock basis of $100,000 at the beginning of the year. On July 1, she sells all of her stock to Manuel for $500,000. On January 1, Eagle has...
-
Consider the following quotation from a leading investment manager: The shares of Mid- South Electric have traded close to $12 for most of the past three years. Since Mid-Souths stock has...
-
Kent Oil, a small Texas oil company, holds huge reserves of oil and gas assets. Assume that at the end of 2010, Kent Oils cost of mineral assets totaled approximately $18 million, representing 2.4...
-
On December 31, 2006 Marsh Company held 1,000 shares of X Company common stock in its portfolio of long-term investments in available-for-sale securities. The stock had cost $15 per share and has a...
-
Problem 1 : a mechanical system includes axis 1 and axis 2 coupled by two gears. The gear on axis 1 has the number of teeth?1, and the gear on axis 2 has the number of teeth?2. The axis 2 also has...
-
The case study shown below provides an overview of Road Transit Systems (RTS) - a specialist preventative vehicle maintenance program operator in NSW, Australia. A number of attributes have been...
-
You purchase an investment property for $150,000, make $30,000 in repairs, and then refinance the loan. You agree to a 15 year loan at 2.5% interest on the unpaid balance. What will be the amount of...
-
A consulting engineer receives, on average, 0.7 requests per week. If the number of requests follows a Poisson process, find the probability that (a) in a given week, there will be at least 1...
-
Keeping all the settings unchanged, with one additional assumption: the bank provides a guarantee for a share \(\gamma\) of the loan that is sold to the market investors, against the realized losses...
-
Consider an economy that is populated by a group of investors and a banker. They are all risk neutral and do not discount the future. The economy lasts for three periods: - In \(t=0\), the banker...
-
Saturated steam at \(356 \mathrm{~K}\) condenses on a vertical tube of diameter \(5 \mathrm{~cm}\) whose surface is maintained at \(340 \mathrm{~K}\). Find the height at which the flow becomes wavy....
-
Consider the signal \(f(t)=\sin (7 t)\). Use Matlab to obtain the discrete wavelets transform of this signal.
-
13. Buddy the Elf has a toy airplane (m = 0.5 kg) on a string that he whirls around his head in a circle at a constant speed of 10 m/s. The circle is 80 cm in radius and is perfectly parallel to the...
-
Consider the activities undertaken by a medical clinic in your area. Required 1. Do you consider a job order cost accounting system appropriate for the clinic? 2. Identify as many factors as possible...
-
Normal body temperature for humans is 98.6 F. What is the corresponding temperature in (a) Degrees Celsius (b) Kelvins?
-
A horizontal pipe carries oil whose coefficient of viscosity is 0.00012 N s/m2. The diameter of the pipe is 5.2 cm, and its length is 55 m. (a) What pressure difference is required between the ends...
-
A square of side a has charges +Q and -Q alternating from one corner to the next, as shown in FIGURE 20-34. Find the electric potential energy for this system of charges. Figure 20-34, -Q +Q +Q -Q
-
For each of the following events concerning disclosure of events that took place after year end, discuss the manner in which it should be disclosed in the financial statements or the audit report....
-
Determining whether a subsequent event requires an adjustment to the financial statements is difficult in many circumstances. Discuss the primary difference between subsequent events that require...
-
Each of the following techniques for managing earnings was described in the chapter: - "Big Bath" charges - Write-off of acquired assets - "Cookie Jar" reserves - Abuse of materiality - Questionable...
Study smarter with the SolutionInn App