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....

Sherri’s Tan-O-Rama is a local tanning salon. Its regression output is as follows:

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.