The following particulars refer to process used in the treatment of material subsequently, incorporated in a component forming part of an electrical…

The following particulars refer to process used in the treatment of material subsequently, incorporated in a component forming part of an electrical appliance: The original cost of the machine used (Purchased in June 2023) was - 10,000. Its estimated life is 10 years, the estimated scrap value at the end of its life is 1,000, and the estimated working time per year (50 weeks of 44 hours) is 2,200 hours of which machine maintenance etc., is estimated to take up 200 hours. No other loss of working time expected. Setting up time, estimated at 100 hours, is regarded as productive time. (Holiday to be ignored).Electricity used by the machine during production is 16 units per hour at cost of a 9 paisa per unit. No current is taken during maintenance or setting up.The machine required a chemical solution which is replaced at the end of week at a cost of 20 each time.The estimated cost of maintenance per year is 1,800.Two attendants control the operation of machine together with five other identical machines. Their combined weekly wages, insurance and the employer's contribution to holiday pay amount - 120.Departmental and general works overhead allocated to this machine for the current year amount to 3,000. You are required to CALCULATE the machine hour rate of operating the machine.