1
Q
What states that as cumulative output doubles, the cumulative average time per unit falls to a fixed percentage (the ‘learning rate’) of the previous average time.
A
Wright’s Law
2
Q
What are the four things that will increase the likelihood of the learning curve model?
A
- Product is labour intensive
- Product is new
- Product is complex
- Product is repetitive with no breaks in production.
3
Q
What is the formula for the learning curve
A
Y = ax^b
4
Q
What is the formula for the learning rate?
A
d root(Y/a)
Performance Management ACCA
flashcards
Decks in class (17)
# Cards
-
Chapter 427
-
Chapter 10: Budgeting46
-
Divisionalisation and Transfer Pricing19
-
Chapter 10 - Cost Volume Profit Analysis15
-
Chapter 14 - Divisional performance measurement and transfer pricing18
-
Chapter 8 - Relevant costing19
-
Chapter 9 -Risk and uncertainty15
-
Chapter 11 - Quantitative analysis4
-
Chapter 12 - Advanced variances13
-
Chapter 12.5 - Advances variances11
-
Chapter 13 - Performance measurement and control18
-
Performance measurement in not-for-profit organisations0
-
Technical article - Big data12
-
Technical article - Information systems19
-
Technical article - Building blocks of performance management15
-
Technical article - Decentralisation and the need for performance measurement7
-
Technical article - Transfer pricing2
