Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

2 questions please help. thank you. M5-12 (Algo) Calculating Unit Contribution Margin and Contribution Margin Ratio [LO 5-5) Sherri's Tan-O-Rama is a local tanning salon.

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

2 questions please help. thank you.image text in transcribed

M5-12 (Algo) Calculating Unit Contribution Margin and Contribution Margin Ratio [LO 5-5) Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients Intercept 4,620.68 X Variable 1 2.96 Suppose that the company charges $7.40 per tanning session. Required: 1. Calculate the unit contribution margin. 2. Calculate contribution margin ratio. 3. Calculate the total contribution margin if the shop books 1,300 tanning sessions this month. Complete this question by entering your answers in the tabs below. Unit CM CM Ratio Total CM Calculate the unit contribution margin. (Round your final nswer to 2 cimal places.) = Unit Contribution Margin Contribution per unit Profit per unit Sales price per unit Unit sold M5-12 (Algo) Calculating Unit Contribution Margin and Contribution Margin Ratio [LO 5-5) Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Intercept X Variable 1 Coefficients 4,620.68 2.96 Suppose that the company charges $7.40 per tanning session. Required: 1. Calculate the unit contribution margin. 2. Calculate contribution margin ratio. 3. Calculate the total contribution margin if the shop books 1,300 tanning sessions this month. Complete this question by entering your answers in the tabs below. Unit CM CM Ratio Total CM Calculate contribution margin ratio. (Round your contribution margin ratio percentage to 2 decimal places (i.e. .1234 should be entered as 12.34%.)) = Contribution Margin Ratio % Profit per Unit Sales Price per Unit Unit contribution margin M5-12 (Algo) Calculating Unit Contribution Margin and Contribution Margin Ratio (LO 5-5] Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients Intercept 4,620.68 X Variable 1 2.96 Suppose that the company charges $7.40 per tanning session. Required: 1. Calculate the unit contribution margin. 2. Calculate contribution margin ratio. 3. Calculate the total contribution margin if the shop books 1,300 tanning sessions this month. Complete this question by entering your answers in the tabs below. Unit CM CM Ratio Total CM per Calculate the total contribution margin if the shop books 1,300 tanning sessions this month. (Round contribution mar unit to 2 decimal places and final answer to the nearest whole dollar.) Total Contribution Margin

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing Principle And Practice

Authors: Satyabrata Tripathy

1st Edition

9332519382, 9789332519381

More Books

Students also viewed these Accounting questions

Question

differentiate the function ( x + 1 ) / ( x ^ 3 + x - 6 )

Answered: 1 week ago