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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'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. Month January February March April May June July August Number of Socks Produced 3,200 6,500 7,800 2,500 6,590 6,800 3,000 3,450 Total Cost 4,900 8,900 9,995 3,900 8,950 9,300 4,700 5,250 Sandy performed a least-squares regression and obtained the following results Coefficients Intercept X Variable 1 1,133.23 1.18 Suppose that Sandy's expects to sell 3,700 socks during the month of September and that each sock sells for $3.75 Complete Sandy's contribution margin income statement for the month of September. (Round your answers to 2 decimal places.) SANDY'S SOCKS Contribution Margin Income Statement Month of September Contribution Margin Net Operating Income
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