Please help me with all answers thanku Tan-O-Rama is a local tanning salon. Its regression output is as follows:Coefficients4,591,462.42Suppose 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 1,300 tanning sessions this month.InterceptX Variable 11Complete this question by entering your answers in the tabs below.Unit CMCM RatioTotal CMCalculate the unit contribution margin.Note: Round your final answer to 2 decimal places.Unit Contribution Margin Tan-O-Rama is a local tanning salon. Its regression output is as follows:Coefficients4,591.462.42Suppose 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 1,300 tanning sessions this month.InterceptX Variable 1Complete this question by entering your answers in the tabs below.Unit CMCM RatioCalculate contribution margin ratio.Note: Round your answers to 2 decimal places and contribution margin ratio percentage to 2 decimal places (i.e..1234 shouldbe entered as 12.34%.)InterceptX Variable 1Total CMTan-O-Rama is a local tanning salon. Its regression output is as follows:Unit CMCoefficients4,591.462.42Suppose 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 1,300 tanning sessions this month.WCM RatioContribution Margin RatioComplete this question by entering your answers in the tabs below.Total CMCalculate the total contribution margin if the shop books 1,300 tanning sessions this month.Note: Round your answers to 2 decimal places and "Total Contribution Margin" to the nearest whole dollar.Total Contribution Margin

The contribution margin is a term that indicates the profit after accounting for certain expenses.…

Tan-O-Rama is a local tanning salon. Its regression output is as follows: Intercept X Variable 1 Coefficients 4,591,46 2.42 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 1,300 tanning sessions this month.

Tan-O-Rama is a local tanning salon. Its regression output is as follows: Intercept X Variable 1 Coefficients 4,591,46 2.42 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 1,300 tanning sessions this month.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter3: Cost Behavior And Cost Forecasting

Section: Chapter Questions

Problem 44E: High-Low Method Refer to the information for Luisa Crimini above. Required: 1. Which month...

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Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients 4,591,46 2.42 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 1,300 tanning sessions this month. Intercept X Variable 11 Complete this question by entering your answers in the tabs below. Unit CM CM Ratio Total CM Calculate the unit contribution margin. Note: Round your final answer to 2 decimal places. Unit Contribution Margin
Tan-O-Rama is a local tanning salon. Its regression output is as follows Coefficients 4,601.18 2.84 Suppose that the company charges $9.20 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 1,350 tanning sessions this month. Intercept X Variable 1
Sherri’s Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients Intercept 4,649.75 X Variable 1 2.12 Suppose that the company charges $7.40 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 1,000 tanning sessions this month.
Method of Least Squares Refer to the information for Luisa Crimini on the previous page. Required: 1. Using a computer spreadsheet program such as Excel, run a regression on these data. Based on the regression output, write the cost formula for tanning. (Note: Round the fixed cost to the nearest dollar and the variable rate to the nearest cent.) 2. Using the formula computed in Requirement 1, what is the predicted cost of tanning services for September for 2,500 appointments? Use the following information for Exercises 3-44 through 3-46: Luisa Crimini has been operating a beauty shop in a college town for the past 10 years. Recently, Luisa rented space next to her shop and opened a tanning salon. She anticipated that the costs for the tanning service would primarily be fixed, but found that tanning salon costs increased with the number of appointments. Costs for this service over the past 8 months are as follows:
Java Joe coffees wants to find an equation to estimate monthly utility costs. Java Joe's has been in business for one year and has collected the following cost data for utilities 1.which of the preceding costs is variable? Fixed? Mixed? Explain 2. using the high-low method, determine the cost function for each cost 3. combine the preceding information to get a monthly utility cost function for Java 4. next month, Java's expects to use 2200 kilowatt hours of electricity, make 1500 minutes of telephone calls and use 32000 gallons of water. Estimate total cost of utilities for the month Month Electricity bill Kilowatt hours used telefone telefone min used Water bill Gallonsof water used January $360 1200 $92.00 1100 $60 30560 February $420 1400 $91.80 1060 $60 26800 March $549 1830 $94.80 1240 $60 31450 April $405 1350 $89.60 980 $60 29965 May $588 1960 $98.00 1400 $60 30568 June $624 2080…
Refer to the information for Luisa Crimini above.Required:1. Which month represents the high point? The low point?2. Using the high-low method, compute the variable rate for tanning. Compute the fixedcost per month.3. Using your answers to Requirement 2, write the cost formula for tanning services.4. Calculate the total predicted cost of tanning services for September for 2,500 appointments using the formula found in Requirement 3. Of that total cost, how much is thetotal fixed cost for September? How much is the total predicted variable cost forSeptember?5. CONCEPTUAL CONNECTION Identify and briefly explain any additional issues thatLuisa might be wise to consider when using the high-low method to estimate the costs ofher tanning salon.
Graft Hair Salon has three barbers to provide service in a neighborhood of downtown Santa Fe. Customers arrive at a rate of 8 customers per hour, and the average service time of each person is 15 minutes. The interarrival time and service time of customers are exponentially distributed. On average, how many customers are in the hair salon? Keep one decimal after rounding for your answer. Group of answer choices 0.9 1.6 2.9 0.1 0.4 a number different from all the above On average, how long must customers wait in line before being served? Keep one decimal after rounding for your answer. Group of answer choices 21.7 minutes 47.9 minutes 0.0 minutes 4.0 minutes 6.7 minutes a value different from all the above If the average service time is reduced from 15 minutes to 12 minutes due to the adoption of a standardized process, how long will customers spend in the hair salon? Keep one decimal after rounding for your answer. Group of answer choices 2.3 minutes 11.2 minutes 14.3 minutes 16.4…
Randy Company produces tennis rackets. If the fixed cost per racket is $15 when 24,400 rackets are produced, what is the fixed cost per racket when 30,500 rackets are produced? Sherri’s Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficients Intercept 4,571.06 X Variable 1 3.35 Suppose that the company charges $9.00 per tanning session. Calculate the total contribution margin if the shop books 1,300 tanning sessions this month
Refer to Cornerstone Exercise 3.4 for data on Dohini Manufacturing Companys purchasing cost and number of purchase orders. The controller for Dohini Manufacturing ran regression on the data, and the coefficients shown by the regression program are: Required: 1. Construct the cost formula for the purchasing activity showing the fixed cost and the variable rate. 2. If Dohini Manufacturing Company estimates that next month will have 430 purchase orders, what is the total estimated purchasing cost for that month? (Round your answer to the nearest dollar.) 3. What if Dohini Manufacturing wants to estimate purchasing cost for the coming year and expects 5,340 purchase orders? What will estimated total purchasing cost be? (Round your answer to the nearest dollar.) What is the total fixed purchasing cost? Why doesnt it equal the fixed cost calculated in Requirement 1?
Heather Hudson makes stuffed teddy bears. Recent information for her business follows: Selling price per bear Total fixed costs per month Variable cost per bear $31.50 1,729.00 18.50 Required: If she sells 289 bears next month, determine the margin of safety in units, in sales dollars, and as a percentage of sales. Note: Round your intermediate calculations to the nearest whole number and round your "Percentage of Sales" answer to 2 decimal places. (i.e. 0.1234 should be entered as 12.34%. Round your "Margin of safety (Dollars)" answer to the nearest whole number.) Margin of safety (Units) Margin of safety (Dollars) Margin of safety percentage %
The Reward One Company manufactures windows. Its manufacturing plant has the capacity to produce 12,000 windows each month. Current production and sales are 10,000 windows per month. The company normally charges $250 per window. Requirement 1. Should Reward One accept this special order? Show your calculations. Begin by completing an analysis, and start by showing the computation of the company's operating income without the special order. Next, calculate operating income with the special order, and then calculate the differences between the two columns. (Complete all input fields. For amounts with no change, make sure to enter "0" in the appropriate cells of the Difference column.) Variable costs that vary with number of units produced Direct materials $600,000 Direct manufacturing labor 700,000 Variable costs (for setups, materials handling, quality control, and so on) that vary with number of batches, 100 batches × $1,500 per batch…
Given the following cost and activity observations for Bounty Company's utilities, use the high-low method to determine Bounty's variable utilities cost per machine hour. Round your answer to the nearest cent. Cost Machine Hours March $3,140 15,134 April 2,606 10,115 May 2,803 11,896 June 3,889 18,146 a.$0.16 b.$1.12 c.$1.08 d.$1.60