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CIMAPRO19-P02-1 Exam - Topic 1 Question 71 Discussion

An 80% learning curve will apply to the production of a new product. The first unit will require 120 labor hours. The labor rate is $11 per hour.To the nearest $1, the expected total labor cost for the first 4 units is:
A) $3,379 and C) $5,280 and D) $4,224
B) $845

CIMAPRO19-P02-1 Exam - Topic 1 Question 71 Discussion

Actual exam question for CIMA's CIMAPRO19-P02-1 exam
Question #: 71
Topic #: 1
[All CIMAPRO19-P02-1 Questions]

An 80% learning curve will apply to the production of a new product. The first unit will require 120 labor hours. The labor rate is $11 per hour.

To the nearest $1, the expected total labor cost for the first 4 units is:

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Suggested Answer: A, C, D

by Elly at Jul 05, 2023, 07:03 PM

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Janey
10 months ago
I’m not sure about that total, seems off to me.
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Dante
10 months ago
Totally, the costs go down for each unit!
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Joana
10 months ago
Wait, how does the learning curve affect the next units?
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Thaddeus
10 months ago
So, that's $1,320 for the first unit.
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Geoffrey
10 months ago
The first unit takes 120 hours at $11/hour.
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Willie
11 months ago
I feel like I’ve seen a question like this before, and I think the answer might be around $4,224, but I’m not completely confident in my calculations.
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Antonio
11 months ago
I recall that the learning curve means each unit takes less time than the previous one, but I can't remember the exact calculations for the total cost.
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Darrin
11 months ago
I think the total labor cost for the first unit is straightforward, but I’m a bit confused about how to apply the 80% learning curve for the subsequent units.
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Ronny
11 months ago
I remember we practiced a similar question about calculating labor costs with a learning curve, but I'm not sure if I got the formula right for the first four units.
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Micaela
11 months ago
This is a tough one, but I'm going to carefully read through each option and think about the specific details around reporting requirements.
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Leandro
11 months ago
Ah, I see. Option C suggests using the Update Case shape to capture changes to each component cost. That could work, but it might be a bit more complex to implement. I'll have to weigh the pros and cons of each approach.
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Eugene
11 months ago
I'm a bit unsure here. Is it possible that ALTER USER could also be a valid option? I'll have to think this through carefully.
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Ashleigh
1 year ago
Let's see, 120 hours for the first unit, 80% learning curve... *scratches head* Ugh, math is not my strong suit. I'll just guess and hope for the best.
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Herminia
1 year ago
C) $5,280
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Caprice
1 year ago
B) $845
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Alyce
1 year ago
A) $3,379
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Youlanda
1 year ago
C) $5,280
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Margot
1 year ago
B) $845
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Chauncey
1 year ago
A) $3,379
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Lyndia
1 year ago
Wait, did they say the labor rate is $11 per hour? That's like, the bare minimum wage these days. Time to unionize, my friends!
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Louann
1 year ago
I'm not sure about the learning curve formula. Can you explain it to me?
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Elke
1 year ago
I agree with Ashlee. The total labor cost for the first 4 units can be calculated using the learning curve formula.
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Lashon
1 year ago
Ah, the joys of manufacturing cost analysis. Let's see, 80% learning curve, first unit at 120 hours... Okay, I think I've got this!
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Christoper
1 year ago
B) $845
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Germaine
1 year ago
D) $4,224
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Vanesa
1 year ago
A) $3,379
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Willow
1 year ago
C) $5,280
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Cordie
1 year ago
B) $845
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Natalie
1 year ago
A) $3,379
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Stevie
1 year ago
Hmm, this question looks tricky. I think I need to brush up on my learning curve calculations.
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Ashlee
1 year ago
I think the answer is D) $4,224.
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Pearlie
1 year ago
I'm not sure about this one. Can someone explain how the learning curve affects the total labor cost?
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Catalina
1 year ago
I agree with Roxane. The 80% learning curve means the labor hours will decrease with each unit produced, leading to a lower total cost for the first 4 units.
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Roxane
1 year ago
I think the answer is D) $4,224.
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