The model, in which the produced unit doubles every time as the cumulative average time per unit decreases, by a constant percentage can be classified as ___________?
Correct answer: D. cumulative average time learning model
- A. cumulative average pricing model
- B. cumulative mean learning model
- C. cumulative weighted learning model
- D. cumulative average time learning model
Explanation
The cumulative average-time learning model assumes that each time cumulative output doubles, cumulative average time per unit falls by a constant percentage. This describes the learning-curve pattern in the question.
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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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