Model, in which produced unit doubles every time as cumulative average time per unit decreases, by a constant percentage can be classified as
A. cumulative average time learning model
B. cumulative mean learning model
C. cumulative weighted learning model
D. cumulative average pricing model
Answer: Option A
Solution(By Examveda Team)
Model, in which produced unit doubles every time as cumulative average time per unit decreases, by a constant percentage can be classified as cumulative average time learning model. The cumulative average time learning curve represents the fact that the time spent per unit declines by a constant percentage as the number of units produced.Related Questions on Costing
Basic objective of cost accounting is ________
A. tax compliance.
B. financial audit.
C. cost ascertainment.
D. profit analysis.
Process costing is suitable for ________.
A. hospitals
B. oil refing firms
C. transport firms
D. brick laying firms
The cost which is to be incurred even when a business unit is closed is a _____.
A. imputed cost
B. historical cost
C. sunk cost
D. shutdown cost
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