The following annual charges are incurred in respect of a machine in a shop where manual labour is almost nil and work is done by means of five machines of exactly similar type.
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(a) Rent and rates for the shop: Rs 4,000 |
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(b) Depreciation on each machine: Rs 400 |
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(c) Power consumed (as per metre) at 10 paise per unit for shop: Rs 3,00 |
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(d) Electric charges for light in the shop: Rs 540 |
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(e) Attendants: There are two attendants for the five machines, and they are each paid Rs 60 per month. |
The machine uses 10 units of power per hour. Calculate the MHR of the machine.
Note: The MHR is a comprehensive MHR since attendants’ wages are also included.