Calculate the MHR from the following:
|
Cost of the machine |
Rs 8,000 |
|
Cost of installation |
Rs 2,000 |
|
Scrap value after 10 years |
Rs 2,000 |
|
Rates and rent for a quarter for the shop |
Rs 300 |
|
General lighting |
Rs 20 per month |
|
Shop supervisor’s salary |
Rs 600 per quarter |
|
Insurance premium for a machine |
Rs 60 per annum |
|
Estimated repair |
Rs 100 per annum |
|
Power: 2 units per hour |
Rs 50 per 100 units |
|
Estimated working hours |
2,000 hours per annum |
The machine occupies one fourth of the total area of the shop. The supervisor is expected to spend one sixth of his time for supervising the machine. General lighting expenses are to be apportioned on the basis of floor area.