Question: M5-10 Calculating Unit Contribution Margin and Contribution Margin Ratio [LO 5-5] Sherris Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients

M5-10 Calculating Unit Contribution Margin and Contribution Margin Ratio [LO 5-5]

Sherris Tan-O-Rama is a local tanning salon. Its regression output is as follows:

	Coefficients
Intercept	4,578.77
X Variable 1	2.75

Suppose that the company charges $8.40 per tanning session. Calculate the unit contribution margin.

Calculate contribution margin ratio. (Round your contribution margin ratio percentage to two decimal places (i.e. .1234 should be entered as 12.34%.)) 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.)

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