Question: Pinnacle Company's new process will be carried out in one department. The production process has an expected learning curve of 80%. Labor cost subject to

Pinnacle Company's new process will be carried out in one department. The production process has an expected learning curve of 80%. Labor cost subject to the learning effect was $60,000 for the first batch produced.
Required:
Using the learning curve, what will be the cumulative average labor cost per batch after the 16th batch has been produced?

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