Given below are the costing records of a factory: Cost of machine: ₹1,00,000 Scrap value: ₹5,000 Freight and installation charges: ₹5,000 Repairs and maintenance cost: ₹1,000 per month Wages of operator: ₹5,000 per month
CS Executive · Cost and Management Accounting · PYQS · June 2015
Given below are the costing records of a factory: Cost of machine: ₹1,00,000 Scrap value: ₹5,000 Freight and installation charges: ₹5,000 Repairs and maintenance cost: ₹1,000 per month Wages of operator: ₹5,000 per month Estimated life: 10 years Factory operates 2,000 hours per year. Power: 10 units per hour @ 50 paise per unit. The machine hour rate will be —
Answer & Explanation:
Correct Answer: Option (D)
Official answer key: (D).
Topics: Machine Hour Rate
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