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A production machine was purchased 6 years ago for an installed price of $530,000.

At the time it was anticipated that the machine would last 10 years and be used 4000 hours per year. However, it is now in need of major repairs that costs &125,000.

If these repairs are made, the machine will last 4 more years, operating 4000 hours per year.

Applicable overhead rate=3%. Assume availability = 100%. Determine the equipment cost rate for this machine.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92760854

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