The First Unit of a Product Took 1,000 Hours to Build

question 93

Multiple Choice

The first unit of a product took 1,000 hours to build and the learning curve is 85%. How long will it take to make the first 5 units? (Use Table E.3 in the text.)

• A) less than 4,005 hours
• B) from 4,005 to 4,015 hours
• C) from 4,015 to 4,025 hours
• D) from 4,025 to 4,035 hours
• E) from 4,035 to 4,045 hours

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Definitions:

Accounting Systems

Procedures and systems used by a business to keep track of its financial transactions and prepare financial statements.

Double-Entry

An accounting method of recording transactions that provides an equality of debits and credits. Using the double-entry.

Single-Entry

A simple bookkeeping or accounting method where transactions are recorded only once, either as income or expense.

Pegboard

A manual bookkeeping system that uses a lightweight board with pegs on the left side and often on the top and right side too. Components of the pegboard system include a physician’s day sheet, transactions slip, patient ledger card, and deposit slip.