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Company A manufactures two products, Product X and Product Y. The production process for each product requires multiple stages and different types of labor. Product
Company A manufactures two products, Product X and Product Y. The production process for each product requires multiple stages and different types of labor. Product X requires 2 hours of skilled labor and 3 hours of unskilled labor, while Product Y requires 4 hours of skilled labor and 2 hours of unskilled labor. The hourly wage rates are $20 for skilled labor and $15 for unskilled labor. If Company A produces 500 units of Product X and 300 units of Product Y in a month, calculate the total labor cost for each product.
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