Question

budgets for future upgrades. d. It helps managers set appropriate price targets in negotiating contracts with prospective customers. Question 3 Not yet answered The learning curve cost estimation model is best characterized as modeling the idea that as production is increased Points out of 1.00 Select one: a. per unit cost is decreasing. P Flag question b. total cost is decreasing. c. total cost is increasing. d. per unit cost is increasing. Cost estimation is most accurate when Question 4 Not yet answered Points out 1.00 Select one: a. when the data used is limited to externally audited accounting statements and reports. P Flag question b. it uses data generated internally, and avoids data sources outside the firm F11 R

Answer 1

The answer is

a.Per unit cost is decreasing

Learning curve model says that as the production is increased, the efficiency is increased and hence, resources per unit decreases leading to a decrease in cost per unit

Total cost increases with increase in production but with a decreasing rate