Question: 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

Assume that a certain process has an 95% learning curve effect and the first unit took 4000hrs to produce.

Required:

  1. Compute the number of hours required to produce the first 34 units (3 Marks)
  2. Compute the number of hours required to produce 34th unit. (2 Marks)
  3. iii) Assume that the wage rate is Kshs.100 per hour, compute the Labor cost of producing the last 16 units

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 Accounting 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:

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:

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)...

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:

This is a Project Management Assigment and Chapter Name is Managing Risk frim Project managemrnt- The managerial process- Clifford Gray, Erik Larson 6th Edition. We have to give the answers of the...

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:

Champions Ltd is a manufacturer of rowing boats. It has designed a new boat called the Drifter 25 and expects to produce the Drifter 25 in a continuous operation over an 18 month period. During this...

Q:

question 4-9 2 4. You've just completed a pilot run of 10 units of a major produci atid fouse he he a. Acconding to the pilot run, what would you esmmate the led b. Based on part (a), how much time...

Q:

The physical units are 40,000. Total conversion costs are $237,000. There are 1,000 units in ending inventory that are 50% complete in terms of conversion costs. How much are the conversion costs per...

Q:

A retailer uses an allowance method to record bad debts. A previously written off account receivable for $860 is collected in full from a customer, James Smith. What entry (entries) is (are)...

Q:

Consider the following relation: halves = { ( n , 2 * n ) | n i n N a t } Define the ( 1 ) transitive closure and ( 2 ) reflexive transitive closure of the halves relation. I have already shown that...

Q:

Once an organization has assessed "where it's at " and "where it wants to go " , it must consider how to allocate resources. This is called: Multiple Choice product development stage evaluation phase...

Q:

8. List and briefly explain each of the five steps in the training process.pg 87

Q:

3. What are some typical on-the-job training techniques? What do you think are some of the main drawbacks of relying on informal on-the-job training for breaking new employees into their jobs?pg 87

Q:

7. What is organizational development and how does it differ from traditional approaches to organizational change?pg 87