Check my 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: Number of Cost to Run Week Campers Camp 1 190 $14,020 2 100 8,170 3 176 14,000 90 8,720 5 164 11,590 8,650 7 122 9,120 160 12,570 COU AWN 106 Required: 4. Using the high-low method, calculate Camp Rainbow's total fixed operating costs and variable operating cost per child 5. Using the high-low method results, calculate the camp's expected operating cost if 122 children attend a session 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. (RE your intermediate calculations and "Variable Cost per unit" to 2 decimal places.) Fixed Cost Variable Cost per Child intermediate calculations and fihal answer Expected Cost Required: 1. Perform a least-squares regression analysis on Camp Rainbow's data. 2. Using the regression output, create a cost equation (y = a + bx) for estimating Camp Rainbow's operating costs. 3. Using the least-squares regression results, calculate the camp's expected operating cost if 122 children attend a session 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 coefficients using least-squares regression. Round your answers to 2 decimal places.) Coefficients Intercept X Variable 1 Required: 1. Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $150 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 138 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 1 Required 2 Required 3 5 Using the results of the least squares regression analysis, determine Rainbow's contribution margin per camper it each camper pays $150 to attend the camp for a week. (Round your unit contribution margin and contribution mar percentag ratio to two decimal places (.e. 0.1234 should be entered as 12.34%.)) Unit Contribution Margin Contribution Margin Ratio per camper 1%
