Hat Tricks Company (HTC) is a Buffalo, New York, manufacturer of hats and gloves. Recently, the company purchased a nevw machine to aid in producing the hat pro duct 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 earning rate of 70%. n's hat to be produced on the new machine. One hundred of these hats can be produced in All other direct costs to produce each hat are $32 per hat, excluding direct labor cost. Direct labor cost pe a total of 10 labor hours. hour is $99. Fixed costs are $8,000 per month, and HTC has the capacity to produce 3,200 hats per month. es 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 10 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.) Selling Price For 100 hats For 800 hats K Prey 2 of 2 Next MacBook Pro