Question: management accounting Test Your Knowledge Question 2: The first batch of a new product has just been made. The batch size was 20 units and

management accounting

Test Your Knowledge Question 2: The first batch of a new product has just been made. The batch size was 20 units and the total time taken was 200 hours -i.e. an average of 10 hours per unit. A 90 per cent learning curve is expected to apply. Required: a) Estimate the following times b) The cumulative average time for the first two batches c) The total time to produce 40 units d) The incremental time for 41 to 60 units - i.e. a third batch of 20 units

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