an engineering company gives you the following details about a new machine installed 559133

An engineering company gives you the following details about a new machine installed by them. Calculate the MHR for the machine.

(1) Cost of the machine

Rs 24,000,000

(2) Customs duty, insurance, freight etc.

Rs 11,00,000

(3) Installation expenses

Rs 3,00,000

(4) Cost of tools for the first 2 years

Rs 4,00,000

(5) Cost of machine room

Rs 3,00,000

(6) Cost of air conditioning machine room

Rs 2,00,000

(7) Rate of interest on loan to finance the purchase

12% per annum

(8) Salaries of operators

Rs 2,00,000 per annum

(9) Cost of electricity

Rs 11 per hour

(10) Consumption of stores

Rs 5,000 per annum

(11) Other expenses

Rs 5,000 per annum

(12) Rate of depreciation at 10% per annum on fixed assets

(13) Total working hours of machine

200 hours per month

(14) Loading and unloading time

10% of the machine time

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