LisaM
Oct 2, 2006, 11:40 AM
I am taking a managerial accounting course online and am having a difficult time trying to figure many problems, but at the moment, just the one below. The text is not very helpful.
Here is the problem:
Two guys work for a landscaping company. In performing their primary job the first time it took 17 hours. Their goal by the end of the season was to complete a job in 8 hours. They performed 8 of these jobs and had an 80% learning curve. Assume that all jobs are approximately the same.
Required: Did they reach their goal? If not, what would the learnig rate have to have been for them to have accomplished their goal?
So far this is what I have:
1 17 hrs
2 17 hrs x .8 = 13.6 hrs
The answer is Yes, they reached their goal. They were able to complete a job within 6.5 hours. But, I don't know how to get there. An example may help me understand. Can you help me?
V/R,
confused: Lisa
Here is the problem:
Two guys work for a landscaping company. In performing their primary job the first time it took 17 hours. Their goal by the end of the season was to complete a job in 8 hours. They performed 8 of these jobs and had an 80% learning curve. Assume that all jobs are approximately the same.
Required: Did they reach their goal? If not, what would the learnig rate have to have been for them to have accomplished their goal?
So far this is what I have:
1 17 hrs
2 17 hrs x .8 = 13.6 hrs
The answer is Yes, they reached their goal. They were able to complete a job within 6.5 hours. But, I don't know how to get there. An example may help me understand. Can you help me?
V/R,
confused: Lisa