The following particulars relate to a new machine purchased: $ Purchase price of machine 4,00,000 Installation expenses. 1,00,000 Rent per quarter 15,000 General lighting for the total area 1,000 p.m Foreman's salary 30,000p.a. Insurance premium for the machine. 3,000 p.a Estimated repairs for the machine 5,000p.a Estimated consumable stores 4,000 p.a Power-2 units per hour at $50 per 100 units Estimated life of the machine is 10 years and the estimated value at the end 10th year is 1 lakh. The machine is expected to run 20,000 hours in its life time machine occupies 25 per cent of the total area. The foreman devotes 1/6 of his the machine. Calculate the machine hour rate for the machine