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A manufacturing firm plans to bid on a special order of 80 units that will be manufactured in lots of 10 units each. The production manager estimates that the direct labor hours per unit will decline by a constant percentage each time the cumulative quantity of units produced doubles. The quantitative technique used to capture this phenomenon and estimate the direct labor hours required for the special order is
a. cost-profit-volume analysis.
b. the Markov process.
c. linear programming analysis.
d. learning curve analysis.
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Morgan Del Rio
Marketing and Social Media Manager
IMA
morgan.delrio@...------------------------------