Cumulative Aversge-Time Learning Curve takes 500 hours, and direct labor is paid an average of $35 per hout. Required: production of: one engine, two engines, four engines, eight engines, sixteen engines, and thirty-two ebgines. (Round hour answers to towo decimat places.) 3. What if Pohlenan is preparing a bid to build 16 engines? If necessary, round your answers to both parts to the nearest dellar. Cakulate budoeted labor cost for an engine design which Pohlman has buit before (assume that 16 of these esgines had been made previeusly and the first unit took soo hours). Colculate budgeted labor cost for a new engine design that Pohlman's workers have never made before (assame the first unit will taike 500 hours)