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Handy's Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Total Month Produced Cost January 4,000 7,000
Handy's Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Total Month Produced Cost January 4,000 7,000 February 2,250 5,000 March 3,500 6,250 April 4,300 7,750 May 875 5,000 June 3000 6,250 July August 1,500 4,250 2,500 5,750 Suppose that Handy's expects to sell 4,100 hats during the month of September and that each hat sells for $2.75. Handy performed a least-squares regression and obtained the following results: Intercept x Variable 1 Coefficients 2,718.59 1.11 Prepare Handy's contribution margin income statement for the month of September. (Round your answers to 2 decimal places.) HANDY'S HATS Contribution Margin Income Statement Month of September Contribution Margin Net Operating Income
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