The function used to measure decline in labor hours per unit as the units of production increases is called ___________?
Correct answer: B. learning curve
- A. fixed curve
- B. learning curve
- C. linear curve
- D. mixed curve
Explanation
A learning curve measures the reduction in labour hours per unit as cumulative production increases and workers gain experience. Fixed, linear, and mixed curves do not describe this learning effect.
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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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