Efficiency Gains Realized as a Result of Greater Experience Dynamics

question 23

Multiple Choice

Efficiency gains realized as a result of greater experience dynamics are often called

• A) "moving up the learning curve".
• B) "moving down the learning curve".
• C) "moving up the indifference curve".
• D) "moving down the indifference curve".
• E) "moving up the profitability curve".

---

Definitions:

Machine-Hours

A measurement used in cost accounting to allocate expenses to products or job orders, based on the number of hours machines are operated.

Direct Labor-Hours

An indicator of the cumulative hours spent by workers directly engaged in the production process.

Estimated Total Manufacturing Overhead

The projected sum of all indirect costs associated with the production process, not inclusive of direct labor or materials.

Direct Labor-Hours

The cumulative hours spent by workers who are actively engaged in the production process.