Calculate the MHR for Machine A from the following data:
|
Cost of machine |
Rs 16,000 |
|
Estimated scrap value |
Rs 1,000 |
|
Effective working life |
10,000 hours |
|
Running time per 4 weekly period |
160 hours |
|
Average cost of repairs and maintenance per 4 weekly period |
Rs 120 |
|
Standing charges allocated to Machine A per 4 weekly period |
Rs 40 |
|
Power used by the machine |
4 units per hour at a cost of 5 paise per unit |