Question: A production machine is purchased for an initial cost plus installation of $ 5 0 0 , 0 0 0 . Its anticipated life =

A production machine is purchased for an initial cost plus installation of $500,000. Its anticipated life =7 years. The machine is planned for a two-shift operation, eight hours per shift, and five days per week. Assume 50 weeks per year. The applicable overhead rate on this type of equipment =35%. Determine the equipment cost rate.
A production machine is purchased for an initial cost plus installation

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