Advanced: Learning curves Present a table of production times showing the following columns for E. Condon Ltd, which produces up to 16 units while experiencing a 90% learning curve, the first unit requiring 1000 hours of production time:

(1) units produced,

(2) total production time (hours),

(3) average production time per unit in each successive lot (hours),

(4) cumulative average production time per unit (hours), and (5) percentage decline in (4).
(10 marks)
ICAEW Management Accounting