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A motor company Ltd. Has observed that a 90° learning effect applies to all labour related costs whenever a new product is taken up for production the anticipated production to 320 units. For the coming year. The at Rs. 15/hour. Calculate the total labour hours and labour cost to manufacture 320 units. |
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Answer» 10 units = 1 lot
∴ Total hours = 18,895.68 Total labour cost = 18,956.68 × 15 = Rs. 2,83,435.20 |
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