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A product has an average labor cost of $ 1 0 h r . The overhead expenses are 1 0 0 % of labor cost.

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A product has an average labor cost of $10hr. The overhead expenses are 100% of labor cost. Time for the first unit=10 hours. Time for the fourth unit=8.1 hours. Answer the following questions: (10 Points)
a) Find the learning curve percentage for the production of this product.
b) What is the labor cost and overhead cost for the 500-th unit?
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