Homework Answers
Variable cost per unit = (6200-5450)/(500-150) = 2.14 per unit
Fixed cost = Total cost-variable cost
= 5450-(150*2.14)
Fixed cost = 5129
Add Answer to:
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...
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
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...
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...
M5-8 Estimating Cost Behavior Using High-Low Method [LO 5-3] Sherri's Tan-O-Rama is a local tanning salon....
M5-8 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 May June Number of Appointments 375 325 450 400 175 475 Total Cost 6,350 6,000 6,450 6,600 5,500 6,100 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. (Round your "Variable Cost...
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. 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...
S News M Gmail HW, Part 1 Check my work mode: This shows what is correct...
S News M Gmail HW, Part 1 Check my work mode: This shows what is correct or incorrect for the work you have comple m . Sherri's Tan-O-Rama is a local tanning salon. The following information reflect half of the year: number of appointments and total costs for the first Number of Appointments February 56.050 5,600 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"...
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...
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
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...
M5-8 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 May June Number of Appointments 375 325 450 400 175 475 Total Cost 6,350 6,000 6,450 6,600 5,500 6,100 Using the high-low method, calculate the total fixed cost per month and the variable cost per tanning appointment. (Round your "Variable Cost...
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. 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...
S News M Gmail HW, Part 1 Check my work mode: This shows what is correct or incorrect for the work you have comple m . Sherri's Tan-O-Rama is a local tanning salon. The following information reflect half of the year: number of appointments and total costs for the first Number of Appointments February 56.050 5,600 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"...
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...
Most questions answered within 3 hours.
-
When the nuclide polonium-214 undergoes alpha
decay:
The name of the product nuclide is .
The...
asked 14 minutes ago -
Q. The market demand function is D(Pd) = 160 - 2Pd and the
market supply function...
asked 19 minutes ago -
An unknown alcohol is analyzed by freezing point depression. The
unknown is either methanol (CH3OH), ethanol...
asked 20 minutes ago -
As a person inhales, air moves down the windpipe (bronchus),
through a constriction where the air...
asked 22 minutes ago -
Youngchang Keyboard sells a $1400 keyboard on a monthly payment
plan over 2 years.
a) If...
asked 28 minutes ago -
For a one step reaction, the activation energy for the
forward reaction is 40.0 kJ mol-1,...
asked 32 minutes ago -
1. A good thesis statement _____ .
is limited but not too narrow
is very broad...
asked 27 minutes ago -
What is the main use of a transistor and what is an Integrated
Circuit?
asked 34 minutes ago -
Intro to Java Programming
Write a method named isDivisible that takes two integers, n
and m,...
asked 32 minutes ago -
Calculate whether loci A&B are in linkage disequilibrium
(D) using the following data. Is the haplotype...
asked 52 minutes ago -
Barrington Box Enterprises has two divisions, large and small,
that share the common costs of the...
asked 55 minutes ago -
An integer number is said to be a perfect number if it is equal
to the...
asked 1 hour ago