Ch Required information E5-13, E5-14 and E5-16 [LO 5-2,5-3,5-4,5-5) 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 comp'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 compers enrolled Following'is the cost information for Comp Rainbow's operations lost summer Number of Cost to Run Campers Comp 124 9.550 11,330 13,620 14,150 102 $8,380 Week 1 2 3 4 5 158 10 178 7 185 112 96 13.900 9,270 8. 230 E5-16 (Algo) Preparing Contribution Margin Income Statement [LO 5-5) Intercept X Variable 1 Coefficients 3.750.82 57.28 Suppose that Rainbow is contemplating staying open one additional week during the summer E5-16 (Algo) Preparing Contribution Margin Income Statement [LO 5-5) 13 of a Intercept X Variable 1 Coefficients 3,758.82 57.28 Spoed 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 $160 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 172 campers that week 3. Should Rainbow add a ninth week to its schedule? BOOK Print Complete this question by entering your answers in the tabs below. References Required 1 Required 2 Required a Using the results of the least squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $160 to attend the camp for a week. (Round your unit contribution margin and contribution margin percentage ratio to two decimal places ( 0.1234 should be entered as 12.345.)) per camper U Contribution Margin Contribution Margin Ratio