You Have Determined That a 60 Percent Learning Curve Is

question 28

Multiple Choice

You have determined that a 60 percent learning curve is appropriate for a task. If your initial timing of person performing that task was 35 minutes and if you need the task performed 1,000 times, how many minutes of work will be required?

• A) 3,500.0 minutes
• B) 1,062.5 minutes
• C) 705.25 minutes
• D) 450.5 minutes
• E) 220.3 minutes

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Definitions:

Period Costs

Expenses that are incurred on the income statement in the period in which they are incurred, such as selling, general, and administrative expenses, which are not directly tied to the production of goods.

Income Statement

A financial statement that shows a company's revenues and expenses over a specific period, resulting in net profit or loss.

Capitalized

Expenses or costs that are recorded as an asset on a balance sheet rather than expensed, with the anticipation of future benefit.

Inventory

The total amount of goods and materials held by a business for the purpose of resale or production.