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M5-8 Estimating Cost Behavior Using High-Low Method [LO 5-3] Sherri's Tan-O-Rama is a local tanning salon....
M5-10 (Algo) Estimating Cost Behavior Using High-Low Method (LO 5-3) Sherri's Tan-O-Rama is a local tanning...
M5-10 (Algo) Estimating Cost Behavior Using High-Low Method (LO 5-3) 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 Number of Appointments 300 250 Total Cost $6,150 5,500 6,600 5,500 6,850 6,300 325 200 425 May June 275 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. (Round your "Variable...
Sherri's Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and...
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: Number of Appointments 300 375 Month January February March April May June Total Cost $6,050 7,000 6,400 5,600 5,800 5,350 450 250 325 275 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...
Sherri's Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and...
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 300 375 450 250 325 275 Total Cost $6,050 7,000 6,400 5,600 5,800 5,350 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...
Sherri's Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and...
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: Total Cost $5,000 6,000 6,200 5,300 5,450 5,230 Number of Month January February March April May June 250 300 500 225 150 175 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"...
Sherri's Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and...
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 Number of Appointments Total Cost January 500 $ 6,800 February 300 5,000 March 275 5,450 April 475 6,050 May 200 5,600 June 250 5,000 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...
Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficiente Intercept 4,621.43...
Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficiente Intercept 4,621.43 X Variable 1 3.08 Suppose that the company charges $9.00 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. Complete this question by entering your answers in the tabs below. Unit CM CM Ratio Total CM Calculate the unit contribution margin. (Round your...
Grades for Katie Snyder: DHM.3213.30638 Document2 aver Draw Design Layout References Mailings Review View SH alibri...
Grades for Katie Snyder: DHM.3213.30638 Document2 aver Draw Design Layout References Mailings Review View SH alibri (Bo... 12 A A Aa A EEEE I Ueb X, X APA CE AL Styles 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 Number of Appointments Total Cost January 475 $ 6,600 February 150 5,300 March 375 6,800 April 300 6,050 May 350 5,950 June 250...
Sherri’s Tan-O-Rama is a local tanning salon. The following information reflects its number of appointments and...
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
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...
E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Mountain Dental Services is a specialized...
E5-7 (Algo) Estimating Cost Behavior Using High-Low Method [LO 5-3] Mountain Dental Services is a specialized dental practice whose only service is filling cavities. Mountain has recorded the following for the past nine months: Month Number of Cavities Filled Total Cost January 375 $5,300 February 500 5,850 March 350 5,200 April 600 6,250 May 325 5,150 June 475 5,700 July 525 6,100 August 575 6,300 September 450 5,550 Required: 1. Use the high-low method to estimate total fixed cost and...
High-Low Method Luisa Crimini has been operating a beauty shop in a college town for the...
High-Low Method 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 fored, but found that tanning salon costs increased with the number of appointments. Costs for this service over the past months are as follows: Tanning Month Appointments Total Cost January 800 $1,752 February 2,100 $2,180 March...
M5-10 (Algo) Estimating Cost Behavior Using High-Low Method (LO 5-3) 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 Number of Appointments 300 250 Total Cost $6,150 5,500 6,600 5,500 6,850 6,300 325 200 425 May June 275 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. (Round your "Variable...
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: Number of Appointments 300 375 Month January February March April May June Total Cost $6,050 7,000 6,400 5,600 5,800 5,350 450 250 325 275 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...
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 300 375 450 250 325 275 Total Cost $6,050 7,000 6,400 5,600 5,800 5,350 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...
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: Total Cost $5,000 6,000 6,200 5,300 5,450 5,230 Number of Month January February March April May June 250 300 500 225 150 175 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"...
Sherri's Tan-O-Rama is a local tanning salon. Its regression output is as follows: Coefficiente Intercept 4,621.43 X Variable 1 3.08 Suppose that the company charges $9.00 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. Complete this question by entering your answers in the tabs below. Unit CM CM Ratio Total CM Calculate the unit contribution margin. (Round your...
Grades for Katie Snyder: DHM.3213.30638 Document2 aver Draw Design Layout References Mailings Review View SH alibri (Bo... 12 A A Aa A EEEE I Ueb X, X APA CE AL Styles 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 Number of Appointments Total Cost January 475 $ 6,600 February 150 5,300 March 375 6,800 April 300 6,050 May 350 5,950 June 250...
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
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...
High-Low Method 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 fored, but found that tanning salon costs increased with the number of appointments. Costs for this service over the past months are as follows: Tanning Month Appointments Total Cost January 800 $1,752 February 2,100 $2,180 March...
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