Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Camp Rainbow offers overnight summer camp programs for children ages 1014 every summer during June and July. Each camp session is one week and can

image text in transcribed

Camp Rainbow offers overnight summer camp programs for children ages 1014 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 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: Number of Cost to Run Week Campers Camp $8,050 118 8.460 156 10,900 11,100 188 13,670 14,300 12,325 156 11,270 90 174 2 3 4 5 6 7 8 184 170 Required: 4. Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child. (Do not round your intermediate calculations and Round your final answers to 2 decimal places.) 45.00 Fixed Cost Variable Cost per Child $ 4,584.00 5. Using the high-low method results, calculate the camp's expected operating cost if 170 children attend a session. (Do not round your intermediate calculations and Round your final answer to 2 decimal places.) Expected Cost S 10.104.00

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions