Question

In: Accounting

The times taken to produce each of the first four batches of a new product were...

  1. The times taken to produce each of the first four batches of a new product were as follows:

Batch number

Time taken

1

200 minutes

2

152 minutes

3

138 minutes

4

130 minutes

What is the rate of learning closest to?

Solutions

Expert Solution

Answer

12%

Explanation:

Units(A) Time per Unit(B) Total time (A*B=C) Average Time(C/A)
1                  200            200                  200
2                  152            352                  176
3                  138            490                  163
4                  130            620                  155

Learning is applied on Average Time.

So,

Learning = (200 - 176) / 200 = 12%

In case of any doubt or clarification, you're welcome to come back via comments.

ekkarill92 answered 3 years ago
Next > < Previous

Related Solutions

The analyst took four batches of water bottles at different times of the day and recorded...
The analyst took four batches of water bottles at different times of the day and recorded the average amount filled. Use the data set below to create the control chart indicated to check if the water filling process is in control. Create the control charts and answer the questions in Excel and upload the file. 1. Create the xbar control chart for this data set. Assume that σ = 0.75. Discuss why or why not the water filling process is...
Four important measurements were taken in harsh environmental conditions. Two of the four measurements were lost...
Four important measurements were taken in harsh environmental conditions. Two of the four measurements were lost in the harsh conditions and the remaining two are 5       3 However a scientist recalls the mean and variance of the four measurements were 6 and 20/3, respectively. Find the two missing measurements.
Northcutt's production data for a new deluxe product were taken from the most recent quarterly production...
Northcutt's production data for a new deluxe product were taken from the most recent quarterly production budget: July August September   Planned production in units 750     850     730     In addition, Northcutt produces 4,500 units a month of its standard product. It takes 2 direct labor hours to produce each standard unit and 2.50 direct labor hours to produce each deluxe unit. Northwest's cost per labor hour is $15. Direct labor cost for August would be budgeted at: $166,875....
If you were an entrepreneur starting a new business, first, say what type of business, product,...
If you were an entrepreneur starting a new business, first, say what type of business, product, and customers you will have, and then, identify the type of distribution you would employ to reach your target consumers.
Find two positive integers such that the sum of the first number and four times the...
Find two positive integers such that the sum of the first number and four times the second number is 100 and the product of the numbers is as large as possible. please double check answer
If four nuclei of 1H1 were to fuse to produce a nucleus of 2He4, what is...
If four nuclei of 1H1 were to fuse to produce a nucleus of 2He4, what is the mass defect and the corresponding energy released? What is the energy in kJ that would be released from the fusion of 1 kg of hydrogen?
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current YearPrevious Year Accounts payable$622,000 $168,000 Current maturities of serial bonds payable380,000 380,000 Serial bonds payable, 10%1,560,000 1,940,000 Common stock, $1 par value70,000 90,000 Paid-in capital in excess of par810,000 810,000 Retained earnings2,780,000 2,210,000 The income before income tax expense was $814,800 and $713,000 for the current and previous years, respectively....
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $744,000 $198,000 Current maturities of serial bonds payable 460,000 460,000 Serial bonds payable, 10% 1,890,000 2,350,000 Common stock, $1 par value 90,000 110,000 Paid-in capital in excess of par 970,000 980,000 Retained earnings 3,360,000 2,670,000 The income before income tax was $564,000 and $493,500 for...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $260,000 $224,000 Current maturities of serial bonds payable 340,000 340,000 Serial bonds payable, 10% 1,680,000 2,020,000 Common stock, $1 par value 70,000 100,000 Paid-in capital in excess of par 840,000 840,000 Retained earnings 2,890,000 2,290,000 The income before income tax was $666,600 and $583,300 for...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from...
Ratio of Liabilities to Stockholders' Equity and Times Interest Earned The following data were taken from the financial statements of Hunter Inc. for December 31 of two recent years: Current Year Previous Year Accounts payable $552,000 $162,000 Current maturities of serial bonds payable 370,000 370,000 Serial bonds payable, 10% 1,520,000 1,890,000 Common stock, $1 par value 80,000 100,000 Paid-in capital in excess of par 900,000 900,000 Retained earnings 3,090,000 2,460,000 The income before income tax was $529,200 and $463,100 for...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT