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Havana Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Month January Produced Total Cost 1,800 $
Havana Hats makes the world's best hats. Information for the last eight months follows: Number of Hats Month January Produced Total Cost 1,800 $ 9,000 February 4,890 15,648 March 2,300 10,350 April 3,250 11,375 May 4,300 13,845 June 2,800 11,200 July 5,600 16,410 4,500 14,400 August Suppose that Havana expects to sell 10,400 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: Intercept x Variable 1 Required: Coefficients 5,514.22 1.97 Prepare Havana's contribution margin income statement for the month of September. Note: Round your answers to 2 decimal places. Havana Hats Contribution Margin Income Statement Month of September Contribution margin Net operating income
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