Camp Rainbow offers overnight summer camp programs for children ages 10 to 14 every summer during...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Camp Rainbow offers overnight summer camp programs for children ages 10 to 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. Week Number of Campers 90 118 Cost to Run Camp $ 8,050 36476E123 8,460 156 10,900 174 11,100 5 188 13,685 184 14,300 170 12,325 156 11,270 Intercept X Variable 1 Coefficients 1868.85 60.79 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 $175 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 170 campers that week. 3. Should Rainbow add a ninth week to its schedule? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $175 to attend the camp for a week. Note: Do not round your intermediate calculations. Round your unit contribution margin and contribution margin ratio to two decimal places (i.e.,,1234 = 12.34%.). Unit contribution margin S 114.27 per camper Contribution margin ratio 65.29% Show less Camp Rainbow offers overnight summer camp programs for children ages 10 to 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. Week Number of Campers 90 118 Cost to Run Camp $ 8,050 36476E123 8,460 156 10,900 174 11,100 5 188 13,685 184 14,300 170 12,325 156 11,270 Intercept X Variable 1 Coefficients 1868.85 60.79 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 $175 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 170 campers that week. 3. Should Rainbow add a ninth week to its schedule? Answer is not complete. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $175 to attend the camp for a week. Note: Do not round your intermediate calculations. Round your unit contribution margin and contribution margin ratio to two decimal places (i.e.,,1234 = 12.34%.). Unit contribution margin S 114.27 per camper Contribution margin ratio 65.29% Show less
Expert Answer:
Answer rating: 100% (QA)
To determine Rainbows contribution margin per camper we need to use the results of the leastsquares ... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0078025518
2nd edition
Authors: Stacey Whitecotton, Robert Libby, Fred Phillips
Posted Date:
Students also viewed these accounting questions
-
Yama's spouse died in 2020, leaving Yama and their 14-year-old foster child Tinkton living in the same home. Yama provides all of the support for the household and more than half the expenses for...
-
What is the importance of developing plans to achieve organizational goals? explain with examples
-
Professor Nash announces that he will auction off a $20 bill in a competition between Jack and Jill, two students chosen randomly at the beginning of class. Each student is to privately submit a bid...
-
To what degree do genetic and biological factors lessen or exempt a criminal offender's responsibility? Should some genetic and/or biological factors qualify offenders for lighter sentences compared...
-
Jay Gatsby categorizes wines into one of three clusters. The centroids of these clusters (in standardized units), describing the average characteristics of a wine in each cluster, are listed in the...
-
The following information was taken from the accounting records of Mitchell Company for last year: Management wants to organize these data into a better format so that financial statements can be...
-
Criminalization of Exposure to HIV Infection Ethics Issue: Should people living with HIV be subject to imprisonment or other criminal penalties for: Engaging in voluntary, consensual protected sexual...
-
Design a circuit consisting of three stages, with the output of the first stage being a square wave, the second stage being a triangular wave and the third stage being again a square wave of period...
-
Create a metaphor, simile, or very short (2-3 sentences) story to illustrate shifts in the aggregate supply curve. You were recently hired by Citigroup in the currency management department. Your...
-
Give at least two examples of what query you might make in a search engine to find the right website for each of the following situations: a. You want to find a gym near you. b. You want to find a...
-
Use the accompanying set of dependent and independent variables to complete parts a through c below. Click the icon to view the data set. a) Using technology, construct a multiple regression model...
-
A. On 1st Jan 2020, a cup of coffee costs four dollars in Australia and 30 Yuan in China. If the inflation rate in 2020 is 5% in Australia and 25% in China, what would be the Australian dollar to...
-
What is the future value of $ 1 invested for 5 periods at 1 0 % per period?
-
Use the data in the following table to compute the percentage change in EBIT that would occur if sales were to increase by10%. Sales $500,000 Less Variable cost 200,000 Less Fixed cost 250,000 EBIT...
-
The activities listed in lines 2125 serve primarily as examples of A) Underappreciated dangers B) Intolerable risks C) Medical priorities D) Policy failures
-
A veterinarian records the weights of cats treated at a clinic. The weights are normally distributed, with a mean of 9 pounds and a standard deviation of 2 pounds. Find the weight x corresponding to...
-
In a randomly selected sample of women ages 20 34, the mean total cholesterol level is 179 milligrams per deciliter with a standard deviation of 38.9 milligrams per deciliter. Assume the total...
-
0.8365 Use the Standard Normal Table or technology to find the z-score that corresponds to the cumulative area or percentile. Table 4-Standard Normal Distribution Arca Z 0 Z .09 .08 .07 .06 .05 .04...
Study smarter with the SolutionInn App