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