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learning curve

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › learning curve

  • This topic has 1 reply, 2 voices, and was last updated 8 months ago by LMR1006.
Viewing 2 posts - 1 through 2 (of 2 total)
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  • August 28, 2024 at 9:36 am #710448
    IqmalKhushairi
    Participant
    • Topics: 21
    • Replies: 8
    • ☆

    Kiss Co has developed a new product. The first batch of 200 units will take 3,500 labour hours to produce. There will be a 75% learning curve that will continue until 4,800 units have been produced. Batches after this level will each take the same amount of time as the 24th batch. The batch size will always be 200 units. Note: The learning index for a 75% learning curve is -0.415.

    what is the time taken for the 24th batch (to the nearest hour)?
    answer : 552 hours

    my answer 545 hours

    i understand how to do this question, but i dont understand at which decimal point should i take, the answer stated that

    total time for 24 batch is (24*936) = 22464
    total time for 23 batch is (23*952.7) = 21912.1

    the way i did for the 23 batch is (23*953) as the question stated that it wants it in the nearest hour, so i assume that i need to round it up in the calculation and the final answer also and i got a different answer than the scheme

    August 28, 2024 at 4:24 pm #710462
    LMR1006
    Keymaster
    • Topics: 4
    • Replies: 1494
    • ☆☆☆☆☆

    You should always do your workings to 4 decimal places with learning curve
    Until the final answer round to 2

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