Question
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
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) Total Contribution Margin < CM Ratio TO C
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