Question: a)Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce. Required: i)Compute the number of hours

a)Assume that a certain process has an 95% learning curve effect and the first unit took

4000hrs to produce. Required:

i)Compute the number of hours required to produce the first 34 units( 4 marks)

ii)Compute the number of hours required to produce 34thunit.( 3 marks)

iii) Assume that the wage rate is Kshs.100 per hour, compute the Labor cost of producing the last 16 units(4 marks)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

a) Outline the objectives of management accounting (3 Marks) b) Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce. Required: i) Compute the...

Q:

UNIT CODE: BAF2202 UNIT TITLE: MANAGEMENT ACCOUNTING I Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce. Required: Compute the number of hours...

Q:

UNIT CODE: BAF2202 UNIT TITLE: MANAGEMENT ACCOUNTING I Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce. Required: Compute the number of hours...

Q:

Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce. Required: Compute the number of hours required to produce the first 34 units (3 Marks)...

Q:

b) Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce. Required: i) Compute the number of hours required to produce the first 34 units (3 Marks)...

Q:

QUESTION FIVE Assume that a certain process has an 80% learning curve effect and the first unit took 2000hrs to produce. Required: Use the mathematical method to: a) Compute the number of hours...

Q:

Cumulative Learning Curve: Please fill in all the blanks! The learning curveshows how the labor hours worked per unit decrease as the number of units produced increases. The basis of the learning...

Q:

Chapter 3: Exercises: 3-9, 3-10, 3-16, & 3-19 Problems: 3-32, 3-41, & 3-42 124 Chapter 3 Cost Behavior Chapter 3 Cost Behavior 125 Required: i. Advertising 1. Set up a table with columns showing the...

Q:

Harper Ltd is a manufacturer of rowing boats. It has designed a new boat called the Seafarer and expects to produce the Seafarer in a continuous operation over an 18 month period During this period,...

Q:

Barretta Ltd is a manufacturer of racing powerboats. It has designed a new racing boat called the Powerline 3 and expects to produce it in a continuous operation over an 18 month period. During this...

Q:

Researchers at the University of Floridas Department of Exercise and Sport Sciences conducted a study of variety in exercise workouts. A sample of 120 men and women were randomly divided into three...

Q:

1. A change in supply causes a ______ (movement along/shift of) the supply curve. A change in quantity supplied causes a ____ (movement along/shift of) the supply curve. 2. Circle the variables that...

Q:

A private foundation is subject to which of the following taxes? Tax on self - dealing. Tax on investments in publicly traded stock. Tax on taxable expenditures that jeopardize charitable purposes....

Q:

Create a C# application named SalesTransactionDemo that declares several SalesTransaction objects and displays their values and their sum. The SalesTransaction class contains the following fields:...