Question: 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

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: Cost to Run. Camp Number of Week Campers 2 4 86355WNE 1 140 $11,460 90 8,660 174 14,270 154 12,090 178 14,370 132 11,930 172 14,150 8. 190 13,590 Complete this question by entering your answers in the tabs below. Required 4 Required 5 Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child. (Round your intermediate calculations and "Variable Cost per unit" to 2 decimal places.) Fixed Cost Variable Cost per Child Complete this question by entering your answers in the tabs below. Required 4 Required 5 Using the high-low method results, calculate the camp's expected operating cost if 172 children attend a session. (Round your intermediate calculations and final answer to 2 decimal places.) Expected Cost < Required 4 Required 5 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Perform a least-squares regression analysis on Camp Rainbow's data. (Use Microsoft Excel or a statistical package to find the coefficients using least-squares regression. Round your answers to 2 decimal places.) Intercept X Variable 11 Coefficients Required 1 Required 2 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the regression output, create a cost equation (y = a + bx) for estimating Camp Rainbow's operating costs. (Round your answers to 2 decimal places.) Total Cost Number of Campers < Required 1 Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Using the least-squares regression results, calculate the camp's expected operating cost if 172 children attend a session. (Round your intermediate calculations and final answer to 2 decimal places.) Total Cost Required 2 Required 3 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 $163 to attend the camp for a week. (Round your unit contribution margin and contribution margin percentage ratio to two decimal places (i.e. 0.1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio per camper 96 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, prepare a contribution margin income statement for week 9 assuming Rainbow expects to have 96 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 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Should Rainbow add a ninth week to its schedule? Should Rainbow add a ninth week to its schedule? < Required 2 Required 3 >

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