The learning curve models include ___________?
Correct answer: B. both a and b
- A. cumulative average time learning model
- B. both a and b
- C. incremental production learning model
- D. incremental unit time learning model
Explanation
The two standard learning-curve models are the cumulative-average-time model and the incremental-unit-time model. Therefore both a and b are included.
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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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