The managers at Fairfield Engines want to find out the total cost of producing 16...

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Accounting

The managers at Fairfield Engines want to find out the total cost of producing 16 engines. The first unit requires 50 labor -hours and the company expects a learning curve of 80%. The labor cost per hour is $12 and associated overhead costs are $20 per labor hour Assuming the cumulative average -learning model , what will be the total cost of producing 16 engines ?

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