{The following information applies to the questions displayed below} lCamp 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 evennumbered weeks. While at the camp, participants make crafts, participate in various sports. help care forthe 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 carnp counselor is assigned to each cabin. Three camp managers are onsite regardless of the number of campers enrolled. The results ofthe least-squares regression ofthe 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 Neek Campers Camp 1 so $8,656 2 118 3,456 3 156 19,966 4 17'4- 11,166 5 188 13,6?6 5 184 14,366 I" 1?6 12,325 8 155 11,276 LEI Coefficients Intercept 1816.55 X Variable 1 66.73 , Suppose that Rainbow is contemplating staying open one additional week during the summer. Required: 1. Using the results ofthe leastsquares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $175 to attend the camp for a week. ?_ Using the results otthe leastsquares regression analysis, prepare a contribution margin income statement for week 9 assuming Rainbow expects to have 170 campers that week. 3. Should Rainbow add a ninth week to its schedule? Required 1 Required 2 Required 3 Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camper pays $175 to attend the camp for a week. (Round your unit contribution margin and contribution margin ratio to two decimal places (i.e., .1234 = 12.34%.)) Unit Contribution Margin $ 114.27 Per camper Contribution Margin Ratio 65.30 V %Using the results of the least-squares regression analysis, prepare a contribution margin income statement for week 9 assuming Rainbow expects to have 170 campers that week. (Round your intermediate calculations and final answer to 2 decimal places.) CAMP RAINBOW Contribution Margin Income Statement For Possible 9th Week Sales Revenue $ 29,750.00 V Variable Costs V 7,409.06 X Contribution Margin Fixed Costs Net Operating Income