If the 8th Unit Took 16

question 60

Short Answer

If the 8th unit took 16.88 minutes and the learning curve is estimated to be 90% how long did it take to make the first unit?

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Definitions:

Operating Income

The profit earned from a firm's regular core business operations, excluding deductions of interest and tax.

Operating Expenses

Costs incurred in the normal operations of a business, such as salaries, utilities, and rent, exclusive of cost of goods sold.

Revenue Recognition

Revenue Recognition is the accounting principle that dictates the specific conditions under which income becomes recognized as revenue.