ABC Company is producing and selling Product X. Company management anticipates that a 70% learning curve will apply to the production of a new item. The cost of first item is $1,500 in materials. First item will take 500 labor hours. The cost per labor hour is $4 per hour. Variable overheads are 130% of labor costs. ABC Company has a profit mark-up for its products in amount of 20%. Company produces eight units of Product X. What would be the price per unit? $3,693,36 O $3,751.98 $4,465,25 $4,585.96