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Havana Hats makes the world's best hats. Information for the last eight months follows: Month January February March April May June July August Number of
Havana Hats makes the world's best hats. Information for the last eight months follows: Month January February March April May June July August Number of Hats Produced 2,500 4,500 Intercept X Variable 1 hs 5,800 3,260 4,250 2,850 6,000 2,300 Total Cost $ 4,400 7,750 8,800 5,650 7,200 Suppose that Havana expects to sell 4,300 hats during the month of September and that each hat sells for $2.75. Havana performed a least-squares regression and obtained the following results: Coefficients 1,214.36 1.34 4,900 9,010 4,200 Required: Prepare Havana's contribution margin income statement for the month of September. Note: Round your answers to 2 decimal places.
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