Page 51 - Microsoft Word - 00 CIMA F1 Prelims STUDENT 2018.docx

Learning curves

Learning curves and budgeting

Knowledge of the learning curve for a new product can be very useful when applying
management accounting techniques such as

 Budgeting.

 Pricing decisions.

 Work scheduling.

Illustrations and further practice

Now attempt example 5 ‘Learning Curves and Labour costs’ from Chapter 4.

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