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Business, 02.10.2019 19:30 alayciaruffin076

Hereford company is planning to introduce a new product with an 80 percent learning rate for production for batches of 1,000 units. the variable labor costs are $30 per unit for the first 1,000-unit batch. each batch requires 100 hours. there are $10,000 in fixed costs not subject to learning. what is the batch unit time (labor hours) to produce 2,000 units based on the cumulative average time learning curve

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