A new product's learning curve rate can be expressed as (direct material cost/total cost).

Question

Quizplus · Accepted Answer

The learning curve rate reflects the rate of improvement in labor productivity as workers gain experience with a new process or product, and is typically expressed as a percentage reduction in labor hours or cost for each doubling of accumulated production volume. It is not directly related to the direct material cost of the product.

A New Product's Learning Curve Rate Can Be Expressed as (Direct