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Calculate the machine hour rate from the following:

Rs. Rs.

Cost of machine 8,000 Shop supervisor salary 200p.m

Cost of installation 2,000 Insurance premium for amachine 60 p.a

Scrap value after 10 years 2,000 Estimated repair 100p.a

Rent and rates for sho 100 p.m Power 2 units per hour @Rs. 5 per 100 units.

General lighting 20p.m Estimated working hours 2,000 p.a

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