The following data are given for a production machine consisting of one worker and one piece of equipment: direct labor rate $=$ $$15\mathrm{.}00>$hr$,$ applicable factory overhead rate on labor $=60\%,$ capital investment in machine $=$ $$100,000,$ service life of the machine $=4$ yr$,$ rate of return $=10\%,$ salvage value in $4$ yr $=0,$ and applicable factory overhead rate on machine $=50\%.$ The machine will be operated one $7\mathrm{.}5-$hr shift, $275$ days$/$yr$.$ Determine the appropriate hourly rate for the machine in $$/$hr$.$ Use following factor tableThe following data are given for a production machine consisting of one worker and one piece of

equipment: direct labor rate $=$$$15\mathrm{.}00>$ hr$,$ applicable factory overhead rate on labor $=60\%,$ capital

investment in machine $=$$$100,000,$ service life of the machine $=4yr,$ rate of return $=10\%,$ salvage value

in $4yr=0,$ and applicable factory overhead rate on machine $=50\%.$ The machine will be operated one

$7\mathrm{.}5-$hr shift, $275$ days$/$yr$.$ Determine the appropriate hourly rate for the machine in $\frac{\text{\$}}{h}r.$ Use following

factor table