Homework Answers
| Req 1. | |||||||
| Unit Contribution Margin | |||||||
| Selling price - | Variable cost = | Unit contribution margin | |||||
| 9.00 - | 3.08 = | 5.92 | per unit | ||||
| Req 2. | |||||||
| Contribution Margin ratio | |||||||
| Unit Contribution margin / | Selling price = | Contribution margin ratio | |||||
| 5.92 / | 9.00 = | 65.78% | |||||
| Req 3. | |||||||
| Total Contribution Margin | |||||||
| Units Sold * | Unit Contribution Margin = | Total Contribution Margin | |||||
| 1350 * | 5.92 = | 7992 | |||||
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Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficiente Intercept 4,621.43...
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Sherri’s Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and...
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information reflects its number of appointments and total costs for
the first half of the year
1) Use least-squares regression to estimate cost behavior based
on this data.
a. The number of appointments explains about _________ of the
Total Cost. Fill in the blank.
b. What is your formula for predicting Total Cost?
c. What would Total Cost be if the company had 400 appointments
in July?
2). Which estimate of...
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information reflects its number of appointments and total costs for
the first half of the year
1) Use least-squares regression to estimate cost behavior based
on this data.
a. The number of appointments explains about _________ of the
Total Cost. Fill in the blank.
b. What is your formula for predicting Total Cost?
c. What would Total Cost be if the company had 400 appointments
in July?
2). Which estimate of...
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