Conversion Factors for the Cumulative Average Number of Direct Labor

question 14

Multiple Choice

Conversion Factors for the Cumulative Average Number of Direct Labor Hours per Unit
$\begin{array}{c}\begin{array}{c}80 \% \text { Learning Rate }\\\text { ( } n=\text { cumulative production) }\\\begin{array}{rrrrrr}\hline n & & n & & {n} & \\\hline 1 & 1.00000 & 19 & 0.53718 & 37 & 0.43976 \\2 & 0.90000 & 20 & 0.52425 & 38 & 0.43634 \\3 & 0.83403 & 21 & 0.51715 & 39 & 0.43304 \\4 & 0.78553 & 22 & 0.51045 & 40 & 0.42984 \\5 & 0.74755 & 23 & 0.50410 & 64 & 0.37382 \\6 & 0.71657 & 24 & 0.49808 & 128 & 0.30269 \\7 & 0.69056 & 25 & 0.49234 & 256 & 0.24405 \\8 & 0.66824 & 26 & 0.48688 & 512 & 0.19622 \\9 & 0.64876 & 27 & 0.48167 & 600 & 0.18661 \\10 & 0.63154 & 28 & 0.47668 & 700 & 0.17771 \\11 & 0.61613 & 29 & 0.47191 & 800 & 0.17034 \\12 & 0.60224 & 30 & 0.46733 & 900 & 0.16408 \\13 & 0.58960 & 31 & 0.46293 & 1,000 & 0.15867 \\14 & 0.57802 & 32 & 0.45871 & 1,200 & 0.14972 \\15 & 0.56737 & 33 & 0.46464 & 1,400 & 0.14254 \\16 & 0.55751 & 34 & 0.45072 & 1,600 & 0.13660 \\17 & 0.54834 & 35 & 0.44694 & 1,800 & 0.13155\\18& 0.53979 & 36 & 0.44329 & 2,000 & 0.12720\end{array}\end{array}\begin{array}{cl}90 \% \text { Learning Rate }\\\text { ( } n=\text { cumulative production) }\\\begin{array}{rrrrrr}\hline n &&{n} & &n & \\\hline 1 & 1.00000 & 19 & 0.73545 & 37 & 0.67091 \\2 & 0.95000 & 20 & 0.73039 & 38 & 0.66839 \\3 & 0.91540 & 21 & 0.72559 & 39 & 0.66595 \\4 & 0.88905 & 22 & 0.72102 & 40 & 0.66357 \\5 & 0.86784 & 23 & 0.71666 & 64 & 0.62043 \\6 & 0.85013 & 24 & 0.71251 & 128 & 0.56069 \\7 & 0.83496 & 25 & 0.70853 & 256 & 0.50586 \\8 & 0.82172 & 26 & 0.70472 & 512 & 0.45594 \\9 & 0.80998 & 27 & 0.70106 & 600 & 0.44519 \\10 & 0.79945 & 28 & 0.69754 & 700 & 0.43496 \\11 & 0.78991 & 29 & 0.69416 & 800 & 0.42629 \\12 & 0.78120 & 30 & 0.69090 & 900 & 0.41878 \\13 & 0.77320 & 31 & 0.68775 & 1,000 & 0.41217 \\14 & 0.76580 & 32 & 0.67471 & 1,200 & 0.40097 \\15 & 0.75891 & 33 & 0.68177 & 1,400 & 0.39173 \\16 & 0.75249 & 34 & 0.67893 & 1,600 & 0.38390 \\17 & 0.74646 & 35 & 0.67617 & 1,800 & 0.37711 \\18 & 0.74080 & 36 & 0.67350 & 2,000 & 0.37114\end{array}\end{array}\end{array}$

-The fourth unit took 10 hours to produce and the learning rate is expected to be 80 percent.How long will it take to produce the tenth unit? Refer to the copy of Table G.1 above.

• A) Fewer than or equal to 7.0 hours
• B) Greater than 7.0 hours but fewer than or equal to 8.0
• C) Greater than 8.0 hours but fewer than or equal to 9.0
• D) Greater than 9.0

Recognize the specific disclosures required by AASB 102 concerning inventories.

Distinguish between different inventory classification for financial statement presentation.

Understand the concept and strategies of market segmentation, including geographic, demographic, psychographic, and behavioral segmentation.

Identify and describe various market segmentation strategies such as multiple products, multiple market segments, and one product, multiple market segments.

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Definitions:

Adoptive Parents

Individuals who legally take on the responsibility of raising a child not born to them biologically.

Parenthood

The state or experience of being a parent and raising children.

Economic Recession

A period of temporary economic decline during which trade and industrial activities are reduced, generally identified by a fall in GDP in two successive quarters.

Unemployment

The situation of being jobless and actively looking for work but unable to find a job.