Skyway Technic, Inc. is planning to submit a bid on equipment to be used in space exploration. Experience on similar contracts indicates that a 70% learning curve may be appropriate in estimating labor hours and costs. The first 500 units of this equipment will require an estimated 10,000 labor hours. The next 500 units should be completed in hours. Another 1,000 units should follow the 70% learning curve, after which the learning process will be completed. The labor rate per hour is P200. REQUIRED.