Accountancy, asked by wick66202, 4 months ago

At a learning curve rate of 80%, estimate the time in minutes required to assemble production unit number 100 given that unit number 50 required 20.0 minutes to assemble.​

Answers

Answered by ItzYourHeartbeat
19

At a learning curve rate of 80%, estimate the time in minutes required to assemble production unit number 100 given that unit number 50 required 20.0 minutes to assemble.

Answered by anjaliom1122
0

Answer:

Estimate the time in minutes required to  = 16.0 minutes to assemble.

Explanation:

Cost estimation is a statement that specifies the amount of money spent on the production of final goods. Cost estimation aids in determining the final product's selling price after deducting acceptable overheads and allowing for a profit margin.

The learning curve is a graph that shows how long it takes to gain new skills or knowledge. The slope of the learning curve in business shows the rate at which learning new abilities results in cost savings for a corporation.

Formula:

Cost at time B = (Cost at time A) (IVB / IVA).

This may be calculated several ways; here is one:

T100 = T50 * (100/50) -0.3219.

T100 = 20 * (100/50) (-0.3219)

= 16.0 min

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