Calculate the MHR for the recovery of overheads for a group of three machines from the following data.
|
Original cost of three machines |
Rs 60,000 |
|
Depreciation at 10% per annum (straight line method) |
|
|
Repairs and average maintenance cost |
Rs 20 per day |
|
Power |
30 paise per running hour per machine |
|
Supervision for the group of machines |
Rs 1,200 per month |
|
Allocation of rent for three machines on a floor area basis |
Rs 160 per month |
|
Share of manufacturing overheads |
Rs 300 per month for the group of machines |
|
No. of working days |
300 in a year |
|
Normal operation |
1 shift of 8 hours |
|
Normal allowance for repairs, maintenance, change over, idle time etc. |
10% |
|
Effective running hours per annum (300 × 8 × 90/100) |
2,160 |