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Hangie Hats makes the worlds best hats. Information for the last eight months follows: Month Number of Hats Produced Total Cost January 4,000 $ 7,000

Hangie Hats makes the worlds best hats. Information for the last eight months follows:

Month Number of Hats Produced Total Cost
January 4,000 $ 7,000
February 2,250 5,000
March 3,500 6,250
April 4,300 7,750
May 1,875 5,000
June 3,000 6,250
July 1,500 4,250
August 2,500 5,750

Suppose that Hangie expects to sell 4,100 hats during the month of September and that each hat sells for $2.75.

Hangie performed a least-squares regression and obtained the following results:

Coefficients
Intercept 2,718.59
X Variable 1 1.11

Required:

Prepare Hangies contribution margin income statement for the month of September.

Note: Round your answers to 2 decimal places.

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