The model which states decline in extra time needed to produce last unit, every time for the cumulative quantity of doubled units produced is classified as ___________?
Correct answer: C. incremental unit time learning model
- A. incremental unit average model
- B. incremental cost learning model
- C. incremental unit time learning model
- D. incremental price learning model
Explanation
The incremental unit time learning model focuses on the time required for the latest unit, which decreases whenever cumulative production doubles under the 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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