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Question - BBB Co has developed a new product. The first batch of 50 units will take 750 labour hours to produce. There will be an 90% learning curve that will continue until 3,550 units have been produced. Batches after this level will each take the same amount of time as the 71st batch. The batch size will always be 50 units. Note: The learning index for an 90% learning curve is -0.152 Ignore the time value of money. Calculate the time taken for the 71st batch.
1.For each of the following separate cases, prepare adjusting entries required of financial statements.
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