The experience curve concept refers to the observed phenomenon where the per-unit cost of production decreases as cumulative production experience increases. This cost reduction is attributed to factors such as improved efficiencies, learning, and technological advancements. The experience curve is a strategic tool used in cost accounting to forecast cost behavior and enhance competitive advantage.
CMA Prep Course
CMA Exam Academy is a proven, 16-week per part online coaching program to help you pass the CMA. The Academy’s comprehensive curriculum will help you pass the CMA exam and achieve your dreams of earning 6-figures per year, ascend to the executive ranks and earn the respect from your peers.