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 4,598.42 2.60 Suppose that the company charges $7.60 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 1,400 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 answer to 2 decimal places.) Contribution per unit Variable cost per unit Unit Contribution Margin Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Intercept X Variable 1 Coefficients 4,598.42 2.60 Suppose that the company charges $7.60 per tanning session. es Required: 1. Calculate the unit contribution margin. 2. Calculate contribution margin ratio. 3. Calculate the total contribution margin if the shop books 1,400 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 % Unit CM Total CM > Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients Intercept 4,598.42 X Variable 1 2.60 Suppose that the company charges $7.60 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 1,400 tanning sessions this month. Complete this question by entering your answers in the tabs below. Unit CM CM Ratio Total CM Calculate the total contribution margin if the shop books 1,400 tanning sessions this month. (Round contribution margin per unit to 2 decimal places and final answer to the nearest whole dollar.) Total Contribution Margin