Question
During training, the slope of the log-log graph (ln(Cumulative Output) vs. ln(Cost)) is found to be 0.07. The first item required 38 minutes to complete.
During training, the slope of the log-log graph (ln(Cumulative Output) vs. ln(Cost)) is found to be −0.07. The first item required 38 minutes to complete.
How long would you expect the 28th item to require (in minutes)?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Relate Cost and Time Since the slope of the loglog graph is 007 it indicates a powerlaw relationship ...
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Step: 2
Step: 3
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Management Accounting Information for Decision-Making and Strategy Execution
Authors: Anthony A. Atkinson, Robert S. Kaplan, Ella Mae Matsumura, S. Mark Young
6th Edition
137024975, 978-0137024971
