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Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Intercept x Variable 1 Coefficienta 4.557.77 2.72 Suppose that the company charges
Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Intercept x Variable 1 Coefficienta 4.557.77 2.72 Suppose that the company charges $10.00 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 1150 tanning sessions this month Complete this question by entering your answers in the tabs below. Un CM CM Ratio Total CM Calculate the unit contribution margin (Round your final answer to 2 decimal places.) Sales price per unit Variable cost per unit Unit Contribution Margin 50.00 272 72.80 CM Ratio > Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Intercept X Variable 1 Coefficients 4,557.77 2.72 Suppose that the company charges $10.00 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 1,150 tanning sessions this month. Complete this question by entering your answers in the tabs below. Unit CM CM Rat Total CM Calculate contribution margin ratio. (Round your contribution margin ratio percentage to 2 decimal places (Le..1234 should be entered as 12.34%)) Unit contribution margin $ Sales Price per Unit Contribution Margin Ratio) 728 10.00 7.20% Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Intercept X Variable 1 Coefficients 4,557.77 2.72 Suppose that the company charges $10.00 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 1,150 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 1,150 tanning sessions this month. (Round contribution margin per unit to 2 decimal places and final answer to the nearest whole dollar) Units Sold Unit contribution margin Total Contribution Margin 8.372 1,150 7.28
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