A department has three machines. The following figures indicate the departmental expenses for the most recent month Depreciation of machinery Depreciation of building Repairs to machinery Insurance of machinery Indirect wages Power Lighting Miscellaneous Expenses Total 120000 28800 40000 8000 60000 60000 8000 42000 366800 [21] Management Accounting Using the following additional details, you are required to compute the machine hour rate for each machine. Particulars Direct Wages (Rs) Power consumption (units) No. of workers Light points Space in square feet Cost of Machine Hours Worked Machine I 12000 30000 + Machine II 24000 10000 Machine III 24000 20000 8 8 24 800 12,00,000 48 800 18,00,000 3000 400 30,00,000 200 3000