3:194 Expert Q&A Done Hot Tricks Company HTC) is a Bufalo, New York, manufacture of stands Recently, the company purchased a new machine to aid in producing the produd Ses Production eficiency on the new machine creates with the woodore experience. It has been shown that cumulative output on the new machine increases vergebote per unit decreases up to the production of 3.200 units. As HTC cumulative tout doubles from a boot 100.c. the cumulative average laborti per una decines by learning of HTC has developed a new style of mushat to be produced the One hundred at these can be produced in a total of 20 hours Al direct costs to produce each other cluding decabor contact tabor cost per hour 535 Recone 51.000 per month Goocty to produce 1200 ron Required: HTC On to set the sing prior for the newest 200 productos costre company is planning to 10 has what is to see what should be the soling priceDo not own intermediate calculations. Round your answers to 2 decimales For 100 m For 100 Hat Tricks Company (HTC) is a Buffalo, New York, manufacturer of hats and gloves. Recently, the company purchased a new machine to aid in producing the hat product lines. Production efficiency on the new machine increases with the workforce experience. It has been shown that as cumulative output on the new machine increases, average labor time per unit decreases up to the production of at least 3,200 units. As HTC's cumulative output doubles from a base of 100 units produced, the cumulative average labor time per unit declines by a learning rate of 80%. HTC has developed a new style of men's hat to be produced on the new machine. One hundred of these hats can be produced in a total of 30 labor hours. All other direct costs to produce each hat are $14 per hat, excluding direct labor cost. Direct labor cost per hour is $35. Fixed costs are $8,000 per month, and HTC has the capacity to produce 3.200 hats per month. Required: HTC plans to set the selling price for the new men's hat at 200% of direct production cost. If the company is planning to sell 100 hats, what is the selling price? If the plan is to sell 800 hats, what should be the selling price? (Do not round intermediate calculations. Round your answers to 2 decimal places.) S Selling Price For 100 hats For 800 hats