Sandy's Socks makes the world's best socks. Sandy performed a least-squares regression of the information for the last eight months and obtained the following results.

Sandy performed a least-squares regression and obtained the following results.
Coefficients
Intercept...........................5,514.22
X Variable 1...........................1.97
Suppose that Sandy's expects to sell 3,200 socks during the month of September and that each sock sells for $3.00.
Complete Sandy's contribution margin income statement for the month of September.
SANDY'S SOCKS
contribution margin Income Statement
Month of September
contribution margin _____
Net Operating Income ___

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Number of Total Month Cost Socks Produced January 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 16,410 July 5,600 14,400 August 4,500