Gaarmentz Ltd. run a sewing factory for medical garments. But, the company suffers from the limiting factor i.e. labor. Each sewing machine needs…

Gaarmentz Ltd. run a sewing factory for medical garments. But, the company suffers from the limiting factor i.e. labor. Each sewing machine needs 100% attention of one person at a particular point of time to operate it. The company has 8 number of alike sewing machines on which 8 operators work separately. The following particulars are furnished for a six months period: Paid hours for all the 8 operators: 9,594 hours Effective working hours for all the 8 operators: 9,360 hours Average rate of wages per day of 8 hours per operator:110 Power consumed:60,125 Supervision and Indirect Labour:21,450 The following particulars are given for a year: Insurance:4,68,000 Sundry Expenses:7,15,000 Depreciation charged is 10% on the original cost of all the sewing machines. Repairs and Maintenance comes to 5% of the value of all the sewing machines. The original cost of all the sewing machines works out to 41,60,000 CALCULATE the Comprehensive Machine Hour Rate.