Havana Hats makes the world's best hats. Information for the last eight months follows:MonthJanuaryNumber of HatsProducedTotal Cost7,900$ 12,425February7,40812,000March6,30011,150April5,4008,300May4,6587,680June2,2005,380July2,6005,580August4,6587,750Required:Perform a least squares regression.Note: Round your answers to 2 decimal places.Variable cost per unitTotal fixed cost

Step 1: Units Produced Total cost High activity-level 7,900 $12,425 Low activity-level 2,200…

Answered: Havana Hats makes the world's best…

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter2: Basic Cost Management Concepts

Section: Chapter Questions

Problem 35P: Orman Company produces neon-colored covers for tablets (e.g., iPads). For last year, Orman reported...

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Total cost and number of units in the first seven months of 2020 are given below. According to this information, which of the following is the cost equation? Total Periods No.of Units Cost January 28,840 330 360 370 February 29,650 March 29,950 April 30,335 390 May 30,853 415 June 31,660 450 July 31,945 465 Select one: O a. Y=21250+23*X Ob. Y=24150+24*X Ce. Y-22000-23.5*X 2 d. Y-23500-21 X
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The contribution margin income statement of Unique Donuts for August 2024 follows: (Click the icon to view the contribution margin income statement.) Data table Unique Donuts Contribution Margin Income Statement Month Ended August 31, 2024 Net Sales Revenue Variable Costs: Cost of Goods Sold Selling Costs Administrative Costs Contribution Margin Fixed Costs: Selling Costs Administrative Costs Operating Income $ 32,300 17,200 1,300 42,210 14,070 $ $ - 127,000 50,800 76,200 56,280 19,920 Requirements Unique sells two dozen plain donuts for every dozen custard-filled donuts. A dozen plain donuts sells for $3.10, with total variable cost of $1.24 per dozen. A dozen custard-filled donuts sells for $7.20, with total variable cost of $2.88 per dozen. d-filled donuts 1. Calculate the weighted-average contribution margin. 2. Determine Unique's monthly breakeven point in dozens of plain donuts and custard-filled donuts. Prove your answer by preparing a summary contribution margin income…
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