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Commerce · Q481

Costing

Graduate and Post Graduate · Commerce · question 481

Q481

Function used to measure decline in labour hours per unit as units of production increases is called

A.
fixed curve
B.
learning curve
Answer
C.
linear curve
D.
mixed curve

Answer: Option B

Solution

Answer: Option B
Solution:
Function used to measure decline in labour hours per unit as units of production increases is called learning curve. A learning curve is a concept that graphically depicts the relationship between the cost and output over a defined period of time, normally to represent the repetitive task of an employee or worker.