From the following particulars, compute the machine hour rate

Power consumption is 5 units at the rate of 60 paise per unit. Estimated working hours of the machine per year is 2,000. The machine occupies 1/4 th of the total area of the department. The supervisor is expected to devote 1/5 th of the time to this machine. General lighting charges are to be apportioned on the basis of fl oor area. Rent and rate charges are for three months.

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Cost of the machine Rs. 30,000 Estimated scrap value after the expiry of its life 3,000 of 5 years Rent and rates of the department 2,000 General lighting of the department p.m. 200 Salary of the supervisor p.m. 1,500