Materials and labor per unit of output

Reference no: EM1341293

Learning Curves in setting standards for materials and labor per unit of output

Please indicate whether the following statement is true or false, then support your view.

If we use learning curves in setting standards, it's likely that the standard costs for materials and labor per unit of output will be lower in year 2010 than they will be in 2001, assuming we are making the same product from 2001 to 2010.

Reference no: EM1341293

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