- Required Information Camp Rainbow Offers Overnight Summer Camp Programs For Children Ages 10 14 Every Summer During June 1 (49.64 KiB) Viewed 70 times
- Required Information Camp Rainbow Offers Overnight Summer Camp Programs For Children Ages 10 14 Every Summer During June 2 (53.67 KiB) Viewed 70 times
- Required Information Camp Rainbow Offers Overnight Summer Camp Programs For Children Ages 10 14 Every Summer During June 3 (48.14 KiB) Viewed 70 times
13 3 Required information Camp Rainbow offers overnight summer camp programs for children ages 10-14 every summer during June and July. Each camp session is one week and can accommodate up to 200 children. The camp is not coed, so boys attend during the odd numbered weeks and girls attend during the even-numbered weeks. While at the camp, participants make crafts, participate in various sports, help care for the camp's resident animals, have cookouts and hayrides, and help assemble toys for local underprivileged children. The camp provides all food as well as materials for all craft classes and the toys to be assembled. One cabin can accommodate up to 10 children, and one camp counselor is assigned to each cabin. Three camp managers are on-site regardless of the number of campers enrolled Following is the cost information for Camp Rainbow's operations last summer 4 Number WeekCampers Run Camp 1 160 $12,430 2 136 11,390 3 176 13,170 124 9,080 186 13,440 196 13,588 10,710 9,220 6954 of Cost to 7 142 8 116 Intercept X Variable 1 Coefficients 980.24 72.72 Suppose that Rainbow is contemplating staying open one additional week during the summer Required: 1. Using the results of the least squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $171 to attend the camp for a week. 2. Using the results of the least squares regression analysis, prepare a contribution margin income statement for week 9 assuming Rainbow expects to have 122 campers that week. 3. Should Rainbow add a ninth week to its schedule? Complete this question by entering your answers in the tabs below. Required Required Required 2 3 Using the results of the least-squares regression analysis, prepare a contribution margin income statement for week 9 assuming Rainbow expects to have 122 campers that week. (Round your intermediate calculations and final answers to 2 decimal places.) CAMP RAINBOW Contribution Margin Income Statement For Possible 9th Week Contribution Margin Net Operating Income < Required 1 Required 3 > Show less A
12 13 of 3 s Dok = int 0 once Required information Camp Rainbow offers overnight summer camp programs for children ages 10-14 every summer during June and July. Each camp session is one week and can accommodate up to 200 children. The camp is not coed, so boys attend during the odd-numbered weeks and girls attend during the even-numbered weeks. While at the camp, participants make crafts, participate in various sports, help care for the camp's resident animals, have cookouts and hayrides, and help assemble toys for local underprivileged children. 1 The camp provides all food as well as materials for all craft classes and the toys to be assembled. One cabin can accommodate up to 10 children, and one camp counselor is assigned to each cabin. Three camp managers are on-site regardless of the number of campers enrolled Following is the cost information for Camp Rainbow's operations last summer Cost to WeekCampers Run Camp 160 $12,430 1 2 3 4 5 Number of Intercept x Variable 136 176 124 186 6 196 7 8 142 116 11,390 13,170 9,080 13,440 13,580 10,710 9,220 Coefficients 980.24 72.72 Suppose that Rainbow is contemplating staying open one additional week during the summer Required: 1. Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $171 to attend the camp for a week 2. Using the results of the least-squares regression analysis, prepare a contribution margin income statement for week 9 assuming Rainbow expects to have 122 campers that week 3. Should Rainbow add a ninth week to its schedule? Complete this question by entering your answers in the tabs below. Required Required Required 1 Should Rainbow add a ninth week to its schedule? Should Rainbow add a ninth week to its schedule? < Required 2 Required 3 >