Question: M5-12 (Algo) 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:

M5-12 (Algo) 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

Intercept4,646.81

X Variable 12.69

Suppose that the company charges $6.60 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 1,300 tanning sessions this month.

M5-12 (Algo) 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 Intercept4,646.81 X Variable 12.69 Suppose that the company charges

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: Suppose that the company charges $6.60 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 1,300 tanning sessions this month. Complete this question by entering your answers in the tabs below. Calculate the unit contribution margin. (Round your final answer to 2 decimal places.) 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: Suppose that the company charges $6.60 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 1,300 tanning sessions this month. Complete this question by entering your answers in the tabs below. Calculate contribution margin ratio. (Round your contribution margin ratio percentage to 2 decimal places (i.e. . 1234 should be entered as 12.34%.)) 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: Suppose that the company charges $6.60 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 1.300 tanning sessions this month. Complete this question by entering your answers in the tabs below. Calculate the total contribution margin if the shop books 1,300 tanning sessions this month. (Round contribution margin per unit to 2 decimal places and final answer to the nearest whole dollar.)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

2 questions please help. thank you. 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...

M5-12 (Algo) Calculating Unit Contribution Margin and Contribution Margin Ratio [LO 5-5] Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients Intercept 4,582.67 X...

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...

M 5 - 1 2 ( Algo ) Calculating Unit Contribution Margin and Contribution Margin Ratio [ LO 5 - 5 ] Tan - O - Rama is a local tanning salon. Its regression output is as follows: \ table [ [ ,...

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...

M5-10 Calculating Unit Contribution Margin and Contribution Margin Ratio [LO 5-5 Shermi's Tan-O-Rama is a local tanning salon. ts regression output is as follows: ,551.41 3.17 X Variable 1 Suppose...

M 5 - 1 2 ( Algo ) Calcul ting Unit Contribution Margin and Contribution Margin Ratio [ LO 5 - 5 ] 1 . 5 Tan - O - Rama is a local tanning salon. Its regression output is as follows: points \ table [...

please include total contribution margin formula 14 pints eBook References Seved Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients 4,617.77 Intercept X...

Tan - O - Rama is a local tanning salon. Its regression output is as follows: CoefficientsIntercept 4 , 5 5 7 . 8 6 X Variable 1 3 . 4 4 Suppose that the company charges $ 9 . 4 0 per tanning...

Tan - O - Rama is a local tanning salon. Its regression output is as follows: CoefficientsIntercept 4 , 5 7 9 . 7 6 X Variable 1 2 . 9 9 Suppose that the company charges $ 9 . 2 0 per tanning...

Consider a house in Blacksburg, Virginia. The typical annual space-heathing load for this ske of a house is 10010 6 Bss. That is. with no insulation in the athe, we lose about too 10 6 Bta por yeat...

Material adverse change clauses (MACs) are a means for the parties to the contract to determine who will bear the risk of adverse events that occur between the signing of an agreement and the...

The risk - free rate is 1 % and the dividend yield on the S&P 5 0 0 index is 2 % . Which of the following is correct when a futures option on the index is being valued? Group of answer choices The...

****Python Please **** 8. Create a class named Student. The Student class should have a static variable, numStudent, and five instance variables. ( 30 pts) Write the following variables: Static...