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Intercept x Variable 1 Coefficients 1,255.09 0.91 Required: 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

Intercept x Variable 1 Coefficients 1,255.09 0.91 Required: 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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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April May June Intercept X Variable 1 4,250 7,800 July August Suppose that Havana expects to sell 4,700 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: 3,700 6,150 6,800 Contribution margin Net operating income 5,050 8,150 4,450 6,900 7,520 Coefficients 1,255.09 0.91 Required: 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
Transcribed Image Text:April May June Intercept X Variable 1 4,250 7,800 July August Suppose that Havana expects to sell 4,700 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: 3,700 6,150 6,800 Contribution margin Net operating income 5,050 8,150 4,450 6,900 7,520 Coefficients 1,255.09 0.91 Required: 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
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 6,750 2,800 3,250 4,250 7,800 3,700 Intercept X Variable 1 6,150 6,800 r Suppose that Havana expects to sell 4,700 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: Total Cost $ 7,500 3,900 4,200 5,050 8,150 4,450 6,900 7,520 Coefficients 1,255.09 0.91 Contribution margin Required: 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
Transcribed Image Text: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 6,750 2,800 3,250 4,250 7,800 3,700 Intercept X Variable 1 6,150 6,800 r Suppose that Havana expects to sell 4,700 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: Total Cost $ 7,500 3,900 4,200 5,050 8,150 4,450 6,900 7,520 Coefficients 1,255.09 0.91 Contribution margin Required: 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
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