3.2 - Optimum Unit Production Cost Discussion
Enroll to start learning
You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.
Practice Questions
Test your understanding with targeted questions
What is the truck cycle time if it is given as 39.5 minutes?
💡 Hint: Consider the definition of truck cycle time.
Define unit production cost.
💡 Hint: Think about how costs relate to production outputs.
4 more questions available
Interactive Quizzes
Quick quizzes to reinforce your learning
What is the balance number of trucks calculated in the section?
💡 Hint: Think about how rounding impacts optimal numbers.
True or False: Increasing the number of trucks beyond the balance number always increases productivity.
💡 Hint: Consider how operational limits can restrict outputs.
Get performance evaluation
Challenge Problems
Push your limits with advanced challenges
If the truck’s costs increase by 10% yet the productivity remains the same post the balance number, how does this affect overall production costs?
💡 Hint: Calculate the new cost and compare it with prior costs to see the impact.
Calculate the unit production cost with 9 trucks after determining earlier values of costs and productivity.
💡 Hint: Utilize the formula for unit cost and ensure you factor in the capped productivity.
Get performance evaluation
Reference links
Supplementary resources to enhance your learning experience.