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 10-11 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 Week 1 2 3 4 5 6 Number of Campers 190 100 176 90 164 106 122 160 $14,820 8,170 14,000 8,720 11,590 8,650 9,120 12,570 Intercept X Variable 1 Coefficients 2,134.67 63.52 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 campes pays $165 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 148 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 Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $165 to attend the camp for a week (Round your unit contribution margin and contribution margin percentage ratio to two decimal places (le 0:1234 should be entered as 12.34%) per camper Unit Contribution Margin Contribution Margin Ratio 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 148 campers that week. (Round your intermediate calculations and final answers to 2 decimal places.) CAMP RAINBOW Contribution Margin Income Statement For Possible 9th Week Cost of Goods Sold Fixed Costs Gross Margin Interest Expense Net Operating Income 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 148 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 DI TO U ureCamp To 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 148 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 Should Rainbow add a ninth week to its schedule? Should Rainbow add a ninth week to its schedule?
