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

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

Month Number of Socks Produced Total Cost
January 6,750 7,500
February 2,800 3,900
March 3,250 4,200
April 4,250 5,050
May 7,800 8,150
June 3,700 4,450
July 6,150 6,900
August 6,800 7,520

Sandy performed a least-squares regression and obtained the following results.

Coefficients Intercept 1,255.09 X Variable 1 0.91

Suppose that Sandys expects to sell 3,300 socks during the month of September and that each sock sells for $3.00. Complete Sandys contribution margin income statement for the month of September. (Round your answers to 2 decimal places.)

SANDYS SOCKS
Contribution Margin Income Statement
Month of September
Sales Revenue
Total Variable Costs
Contribution Margin
Total Fixed Costs
Net Operating Income

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