Question: The average labor cost per unit for the first batch produced by a new process is $120. The cumulative average labor cost after the second

The average labor cost per unit for the first batch produced by a new process is $120. The cumulative average labor cost after the second batch is $72 per product.

1)Using a batch size of 100 and assuming the learning curve continues, what would the total labor cost of four batches be?

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