Sherri's Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and total costs for the first half of the year: Month January February March April May June Number of Appointments 250 200 325 150 300 225 Total Cost $6,100 5,750 6,500 5,100 6,600 6,250 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. (Round your "Variable Cost per Unit" answer to 2 decimal places and "Fixed Cost" answer to the nearest dollar amount.) Variable Cost per Unit Fixed Cost Answer is complete and correct. 8,00 3,900 Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients. 4,564.85 2.69 Intercept X Variable 1 Suppose that the company charges $6.20 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 1,200 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.) Sales price per unit Variable cost per unit
Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients 4,564.85 2.69 Intercept X Variable 1 Suppose that the company charges $6.20 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 1,200 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%.)) Unit contribution margin Sales Price per Unit % Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Intercept X Variable 1 Suppose that the company charges $6.20 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 1,200 tanning sessions this month. Coefficients 4,564.85 2.69 Complete this question by entering your answers in the tabs below. Unit CM Units Sold CM Ratio Total CM Calculate the total contribution margin if the shop books 1,200 tanning sessions this month. (Round contribution margin per unit to 2 decimal places and final answer to the nearest whole dollr.) Unit contribution margin
