Calculate the MHR for the recovery of overheads for a group of 3 machines from the following data.
|
Original cost of 3 machines |
Rs 60,000 |
|
Depreciation at 10% per annum (straight line method) |
|
|
Repairs and maintenance cost average |
Rs 16 per day |
|
Power |
30 paise per running hour per machine |
|
Supervision for the group of machines |
Rs 1,000 per month |
|
Allocation of rent for 3 machines on a floor area basis |
Rs 240 per month |
|
Share of manufacturing overheads |
Rs 400 per month for the group of machines |
|
Normal working days |
300 in a year |
|
Normal operation |
1 shift of 8 hours |
|
Normal allowance for repairs, maintenance, change over, idle time etc. |
20% |