Required information E5-13, E5-14 and E5-16 (LO 5-2,5-3,5-4,5-5) {The following information applies to the questions displayed below. 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. The results of the least-squares regression of the number of campers and the cost to run camp are given below. Following is the cost information for Camp Rainbow's operations last summer. Number of Cost to Run Camp $8,050 2 156 Week 1 Campers 90 118 3 5 6 7 8 174 188 184 170 156 8,460 10,900 11,100 13,670 14,300 12,325 11,270 E5-13 (Static) Estimating Cost Behavior Using Scattergraph and High-Low Methods [LO 5-2,5-3) 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 170 children attend a session. Answer is complete and correct. 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. (Do not round your intermediate calculations and Round your final answers to 2 decimal places.) Fixed Cost Variable Cost per Child $ 2.888.20 IS 57.35 Required 4 Required 5 > Answer is complete and correct. 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 170 children attend a session. (Do not round your intermediate calculations and Round your final answer to 2 decimal places.) Expected Cost $ 12,637.70 Required information E5-13, E5-14 and E5-16 (LO 5-2,5-3,5-4,5-5) (The following information applies to the questions displayed below.) 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. The results of the least-squares regression of the number of campers and the cost to run camp are given below. Following is the cost information for Camp Rainbow's operations last summer: Week 1 2 3 4 5 6 7 B Number of Cost to Run Campers Camp 90 $8,050 118 8,460 156 10,900 174 11,100 188 13,670 184 14,300 170 12,325 156 11,270 E5-13 (Static) Estimating Cost Behavior Using Scattergraph and High-Low Methods [LO 5-2,5-3] 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 170 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. (Do not round your intermediate calculations and Round your final answers to 2 decimal places.) Fixed Cost Variable Cost per Child Required 1 Required 2 Required 3 Using the regression output, create a cost equation (y = a + bx) for estimating Camp Rainbow's operating costs. Total cost Number of campers Required 1 Required 2 Required 3 Using the least-squares regression results, calculate the camp's expected operating cost if 170 children attend a session. (Round your intermediate calculations and final answer to 2 decimal places.) Total cost
