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https://www.merriam-webster.com/dictionary/machine-hour
Definition of machine-hour. : the operation of one machine for one hour used as a basis for cost finding and for determining operating effectiveness.
https://www.accountingnotes.net/cost-accounting/overheads/machine-hour-rate-definition-treatment-and-advantages/4670
In estimating the total machine hours for the computation of the machine hour rate it is the general practice to consider the total potential hours including the possible idle hours. The positive aspect of this method is that the cost of idle time can be separately worked out which will help the management in controlling the idle expenses from period to period.Estimated Reading Time: 6 mins
https://www.accountingnotes.net/cost-accounting/machine-hour-rate/machine-hour-rate-meaning-types-and-computation-cost-accounting/15024
The institute of Cost and Management Accountants, London, has defined as machine hour rate as, “an actual or pre-determined rate of cost apportionment or overhead absorption, which 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.”Estimated Reading Time: 8 mins
https://www.yourarticlelibrary.com/cost-accounting/machine-hour-rate/machine-hour-rate-calculation-advantages-and-disadvantages/55664
Machine Hour Rate: Calculation, Advantages and Disadvantages! Machine hour rate is the cost of running a machine per hour. It is one of the methods of absorbing factory expenses to production. It is used in those industries or departments where machinery is predominant and there is little or practically no manual labour.Estimated Reading Time: 10 mins
https://www.yourarticlelibrary.com/accounting/overheads/machine-hours-rate-formula-and-calculation-with-illustration/52583
In a machine shop, the machine hour rate is worked out at the beginning of a year on the basis of a 13-week period which is equal to three calendar months. The Following estimates for operating a machine are relevant: Power consumed is @ 15 units per hour @ 40 paise per unit.
https://www.accountingtools.com/articles/what-is-the-rate-of-absorption-in-accounting.html
Apr 11, 2021 · Based on this information, the rate of absorption is determined to be $40 per machine hour (calculated as $240,000 overhead costs divided by 6,000 machines hours). At the end of the current period, the cost accountant applies overhead costs to products using the $40/machine hour rate of absorption. The amount of overhead cost actually incurred matched the amount in the preceding …
https://limblecmms.com/blog/idle-time/
Jun 18, 2020 · For this example, let’s say it needs 10 minutes to power up, 5 minutes to shut down, has one 30 minute break for cleaning, and is stopped for 15 minutes for a shift change. In other words, the machine is supposed to do productive work for 15 hours or 900 minutes.
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