From the following particulars, calculate the machine hour rate : Cost of machine Installation charges 2,00,000 Rent of the shop per month 20,000 3,000 Insurance premium for the machine per annum 1% of capital cost Electricity charges for the shop per month 300 Repair and maintenance charges per month 0.5% of capital cost Supervisor's salary per month 1,800 Rate of power charges for 100 units 55 (The machine consumes 16 units of power per hour) The machine occupies rd of the shop area. It's life is 10 years and anticipated scrap" value is * 10,000. The supervisor devotes th of his time to the machine. Estimated idle time : 50 hours a mal working days during a year : 250 days of 8 hours and 50 days of 5 hours. year. Not