B Com Exam > B Com Notes > Cost Accounting > PPT - Machine Hour Rate
PPT - Machine Hour Rate | Cost Accounting - B Com PDF Download
| Download, print and study this document offline |
Please wait while the PDF view is loading
Page 1 Machine Hour Rate Page 2 Machine Hour Rate Meaning • “The Machine Hour Rate is an actual or predetermined rate of cost apportionment for overhead absorption” Page 3 Machine Hour Rate Meaning • “The Machine Hour Rate is an actual or predetermined rate of cost apportionment for overhead absorption” Calculation • “Machine hour Rate is calculated by dividing the cost to be apportioned or absorbed by the number of hours for which a machine or machines are operated or expected to be operated” • Machine Hour Rate = Total Factory Overheads Total Machine Hours Page 4 Machine Hour Rate Meaning • “The Machine Hour Rate is an actual or predetermined rate of cost apportionment for overhead absorption” Calculation • “Machine hour Rate is calculated by dividing the cost to be apportioned or absorbed by the number of hours for which a machine or machines are operated or expected to be operated” • Machine Hour Rate = Total Factory Overheads Total Machine Hours Basis of Apportionment • Rent, Rates, Taxes, etc. • Depreciation • Lighting • Heating • Power • Repairs and Maintenance • Supervisory Expenses • Labour Welfare Expenses • Insurance • Lubricating Oil, Cotton Waste and Consumable Stores • Interest included in Hire-Purchase. Page 5 Machine Hour Rate Meaning • “The Machine Hour Rate is an actual or predetermined rate of cost apportionment for overhead absorption” Calculation • “Machine hour Rate is calculated by dividing the cost to be apportioned or absorbed by the number of hours for which a machine or machines are operated or expected to be operated” • Machine Hour Rate = Total Factory Overheads Total Machine Hours Basis of Apportionment • Rent, Rates, Taxes, etc. • Depreciation • Lighting • Heating • Power • Repairs and Maintenance • Supervisory Expenses • Labour Welfare Expenses • Insurance • Lubricating Oil, Cotton Waste and Consumable Stores • Interest included in Hire-Purchase. Presentation/Computation • Standing Charges • Machine ChargesRead More
|
106 videos|173 docs|18 tests
|
FAQs on PPT - Machine Hour Rate - Cost Accounting - B Com
| 1. What is machine hour rate? |  |
Ans. Machine hour rate is a method used to determine the cost of operating and maintaining a machine per hour. It is calculated by dividing the total cost of running the machine, including depreciation, maintenance, and other expenses, by the number of machine hours it is expected to operate.
| 2. How is machine hour rate calculated? | |
Ans. Machine hour rate is calculated by dividing the total cost of running and maintaining a machine by the number of hours the machine is expected to operate. The formula for calculating machine hour rate is:
Machine Hour Rate = Total Cost of Machine / Expected Machine Hours
This calculation considers all the costs associated with the machine, such as depreciation, maintenance, repairs, and overhead expenses.
| 3. What are the advantages of using machine hour rate? | |
Ans. There are several advantages of using machine hour rate in cost calculations. Firstly, it provides a more accurate and fair allocation of costs to products or services that use the machine. It also helps in determining the profitability of different products or services by considering the machine utilization. Additionally, it helps in identifying areas where machine efficiency can be improved, leading to cost savings.
| 4. How can machine hour rate be used for cost control? | |
Ans. Machine hour rate can be used for cost control by monitoring the actual machine hours used and comparing it with the expected machine hours. If the actual machine hours are higher than expected, it indicates a potential inefficiency or excessive usage, which can be addressed to reduce costs. By regularly analyzing the machine hour rate, businesses can identify cost-saving opportunities, such as optimizing machine utilization or reducing maintenance expenses.
| 5. What factors should be considered when calculating machine hour rate? | |
Ans. Several factors should be considered when calculating machine hour rate. These factors include the initial cost of the machine, its expected useful life, the estimated number of hours it will be used, the cost of maintenance and repairs, depreciation, and any other overhead expenses associated with operating the machine. Additionally, factors like machine efficiency, downtime, and idle time should also be considered to accurately determine the machine hour rate.
Related Exams
About this Document
|
4.80/5 Rating |
|
Oct 25, 2024 Last updated |
Document Description: PPT - Machine Hour Rate for B Com 2024 is part of Cost Accounting preparation.
The notes and questions for PPT - Machine Hour Rate have been prepared according to the B Com exam syllabus. Information about PPT - Machine Hour Rate covers topics
like and PPT - Machine Hour Rate Example, for B Com 2024 Exam. Find important definitions, questions, notes, meanings, examples, exercises and tests below for PPT - Machine Hour Rate.
Introduction of PPT - Machine Hour Rate in English is available as part of our Cost Accounting
for B Com & PPT - Machine Hour Rate in Hindi for Cost Accounting course.
Download more important topics related with notes, lectures and mock test series for B Com
Exam by signing up for free. B Com: PPT - Machine Hour Rate | Cost Accounting - B Com
Description
Full syllabus notes, lecture & questions for PPT - Machine Hour Rate | Cost Accounting - B Com - B Com | Plus excerises question with solution to help you revise complete syllabus for Cost Accounting | Best notes, free PDF download
Information about PPT - Machine Hour Rate
In this doc you can find the meaning of PPT - Machine Hour Rate defined & explained in the simplest way possible. Besides explaining types of
PPT - Machine Hour Rate theory, EduRev gives you an ample number of questions to practice PPT - Machine Hour Rate tests, examples and also practice B Com
tests
|
Explore Courses for B Com exam
|
|
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
Related Searches
Extra Questions
,PPT - Machine Hour Rate | Cost Accounting - B Com
,MCQs
,Exam
,Viva Questions
,Objective type Questions
,Previous Year Questions with Solutions
,PPT - Machine Hour Rate | Cost Accounting - B Com
,PPT - Machine Hour Rate | Cost Accounting - B Com
,Semester Notes
,Summary
,Sample Paper
,shortcuts and tricks
,past year papers
,study material
,ppt
,Important questions
,mock tests for examination
,Free
,video lectures
,practice quizzes
;
Additional Information about PPT - Machine Hour Rate for B Com Preparation
PPT - Machine Hour Rate Free PDF Download
The PPT - Machine Hour Rate is an invaluable resource that delves deep into the core of the B Com exam.
These study notes are curated by experts and cover all the essential topics and concepts, making your preparation more efficient and effective.
With the help of these notes, you can grasp complex subjects quickly, revise important points easily,
and reinforce your understanding of key concepts. The study notes are presented in a concise and easy-to-understand manner,
allowing you to optimize your learning process. Whether you're looking for best-recommended books, sample papers, study material,
or toppers' notes, this PDF has got you covered. Download the PPT - Machine Hour Rate now and kickstart your journey towards success in the B Com exam.
Importance of PPT - Machine Hour Rate
The importance of PPT - Machine Hour Rate cannot be overstated, especially for B Com aspirants.
This document holds the key to success in the B Com exam.
It offers a detailed understanding of the concept, providing invaluable insights into the topic.
By knowing the concepts well in advance, students can plan their preparation effectively.
Utilize this indispensable guide for a well-rounded preparation and achieve your desired results.
PPT - Machine Hour Rate Notes
PPT - Machine Hour Rate Notes offer in-depth insights into the specific topic to help you master it with ease.
This comprehensive document covers all aspects related to PPT - Machine Hour Rate.
It includes detailed information about the exam syllabus, recommended books, and study materials for a well-rounded preparation.
Practice papers and question papers enable you to assess your progress effectively.
Additionally, the paper analysis provides valuable tips for tackling the exam strategically.
Access to Toppers' notes gives you an edge in understanding complex concepts.
Whether you're a beginner or aiming for advanced proficiency, PPT - Machine Hour Rate Notes on EduRev are your ultimate resource for success.
PPT - Machine Hour Rate B Com Questions
The "PPT - Machine Hour Rate B Com Questions" guide is a valuable resource for all aspiring students preparing for the
B Com exam. It focuses on providing a wide range of practice questions to help students gauge
their understanding of the exam topics. These questions cover the entire syllabus, ensuring comprehensive preparation.
The guide includes previous years' question papers for students to familiarize themselves with the exam's format and difficulty level.
Additionally, it offers subject-specific question banks, allowing students to focus on weak areas and improve their performance.
Study PPT - Machine Hour Rate on the App
Students of B Com can study PPT - Machine Hour Rate alongwith tests & analysis from the EduRev app,
which will help them while preparing for their exam. Apart from the PPT - Machine Hour Rate,
students can also utilize the EduRev App for other study materials such as previous year question papers, syllabus, important questions, etc.
The EduRev App will make your learning easier as you can access it from anywhere you want.
The content of PPT - Machine Hour Rate is prepared as per the latest B Com syllabus.
|
© EduRev
|
Education Revolution
|
Follow Us
|
Signup to see your scores
go up within 7 days!
Access 1000+ FREE Docs, Videos and Tests
Takes less than 10 seconds to signup