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Robert is thinking of starting up a store to sell hats. The rent and equipment will cost $1500, and the cost to purchase one hat is $2. He plans to bill each hat for $5 per hat. Answer the following questions, and choose the closest answer from the possible choices following each question: What is the fixed cost for Robert's operation? Choose.. What is the variable cost for each hat? Choose... 4 Choose.. What is the break-even quantity of hats for Robert's operation? If Robert's profit goal is $600, how many hats would he need to sell to reach his goal? What is the contribution margin per unit? Choose.. Choose.. If the rent and equipment costs increase to $2460, and Robert estimates that he can sell 1200 units to break even, what will be the total cost? Choose... . Next page