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1. Tan-O-Rama is a local tanning salon. Its regression output is as follows: Suppose that the company charges $7.80 per tanning session. Required: Calculate the
1. Tan-O-Rama is a local tanning salon. Its regression output is as follows: Suppose that the company charges $7.80 per tanning session.
Required:
- Calculate the unit contribution margin.
- Calculate contribution margin ratio.
- Calculate the total contribution margin if the shop books 1,300 tanning sessions this month.
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