Hat Ticks Compary (HTQ) \& a Buffalo. New York. manufacturer of hats and gloveg. Recenty, the company purchased a new machune to ald in producing the hat product linec. Production offictency on the new machine increases with the workforce experionce. it has been shown that as cumulative output on the new machine increases, average labor tme per unit decreacec up to the production of at least 3,200 untes. As HTC's cumulative output doubles from a buse of 100 unith produced. the cumulative average labor time per unst doclines by a leaming rate of 90%. HTC has devoloped a new style of menic hat to be produced on the new mochene. One hundred of these hats can be produced in a total of 70 labor hourk. Al other diect costs to produce each hat are $25 per hat, excluding drect labor cost. Direct labor coct per hour. is $84. Fixed costs are $8,000 per month and HTC has the capacty to produce 3,200 hats per month. Aeculied HTC plans to set the selling price for the new men's hat at 200 si of direct production cost if the company is planning to sell 100 hats. What is the selling pice? If the plan is to sell 800 hats. What should be the seling price? (Do not round intermediate caicudations. Pound your answerr to 2 decimal placece)