As compared to cumulative average-time learning model, the learning model which predicts more cumulative total time to produce more units is known as __________?
Correct answer: A. incremental unit time learning model
- A. incremental unit time learning model
- B. incremental price learning model
- C. incremental unit average model
- D. incremental cost learning model
Explanation
The incremental unit-time learning model applies the learning effect to the time required for each successive unit. It generally predicts a greater cumulative total time than the cumulative average-time model as output increases.
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About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
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