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

Actual exam question for CIMA's CIMAPRO19-P02-1 exam

Question #: 71
Topic #: 1

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

B$845

C$5,280

D$4,224

Show Suggested Answer

Suggested Answer: A, C, D

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

Limited Time Offer

25%

Off

Get Premium CIMAPRO19-P02-1 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Ashleigh

2 months 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.

upvoted 0 times

Herminia

8 days ago

C) $5,280

upvoted 0 times

...

Caprice

20 days ago

B) $845

upvoted 0 times

...

Alyce

1 months ago

A) $3,379

upvoted 0 times

...

Youlanda

1 months ago

C) $5,280

upvoted 0 times

...

Margot

1 months ago

B) $845

upvoted 0 times

...

Chauncey

2 months ago

A) $3,379

upvoted 0 times

...

Lyndia

2 months 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!

upvoted 0 times

...

Louann

2 months ago

I'm not sure about the learning curve formula. Can you explain it to me?

upvoted 0 times

...

Elke

2 months ago

I agree with Ashlee. The total labor cost for the first 4 units can be calculated using the learning curve formula.

upvoted 0 times

...

Lashon

2 months 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!

upvoted 0 times

Christoper

1 months ago

B) $845

upvoted 0 times

...

Germaine

1 months ago

D) $4,224

upvoted 0 times

...

Vanesa

1 months ago

A) $3,379

upvoted 0 times

...

Willow

1 months ago

C) $5,280

upvoted 0 times

...

Cordie

2 months ago

B) $845

upvoted 0 times

...

Natalie

2 months ago

A) $3,379

upvoted 0 times

...

Stevie

2 months ago

Hmm, this question looks tricky. I think I need to brush up on my learning curve calculations.

upvoted 0 times

...

Ashlee

2 months ago

I think the answer is D) $4,224.

upvoted 0 times

...

Pearlie

2 months ago

I'm not sure about this one. Can someone explain how the learning curve affects the total labor cost?

upvoted 0 times

...

Catalina

2 months 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.

upvoted 0 times

...

Roxane

3 months ago

I think the answer is D) $4,224.

upvoted 0 times

...