Question: use the cost function for Mad Hatter Company on page 10 (i.e., TC= 1000+10X) and the graphs on page 12. (The book: Mangerial Accounting (15th

use the cost function for Mad Hatter Company on page 10 (i.e., TC= 1000+10X) and the graphs on page 12. (The book: Mangerial Accounting (15th edtion) by Garrison, Noreen, and Brewer)

What volume of output must be produced so that the company is making a profit if the hats can be sold for $14? That Is, at what volume is the selling price greater than the cost? Use a graph to help explain your answer. Also, what Is the total gross profit If 500 hats are sold

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