:A privately owned summer camp for youngsters has the following data for a 15-weeksession Charge per camper $100 per week Fixed costs $45,000 per session Variable cost per camper $60 per week Сараcity 220 campers Develop the mathematical relationships for total cost and total revenue (a) What is the total number of campers that will allow the camp to just break even (b) ?What is the profit or loss for the 12-week session if the camp operates at 80% capacity (c)

:A privately owned summer camp for youngsters has the following data for a 15-weeksession Charge per camper $100 per week Fixed costs $45,000 per session Variable cost per camper $60 per week Сараcity 220 campers Develop the mathematical relationships for total cost and total revenue (a) What is the total number of campers that will allow the camp to just break even (b) ?What is the profit or loss for the 12-week session if the camp operates at 80% capacity (c)

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 20M

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3) A privately-owned summer camp for youngsters has the following data for a 12-week session: $480 week Charge per camper: Fixed costs: $192,000 per session Variable cost per camper: Capacity: 200 campers a) Develop the mathematical relationships for total cost and total revenue. b) What is the total number of campers that will allow the camp to just breakeven? c) What if the profit or loss for the 12-week session if the camp operates at 80% сараcity? d) What are the marginal and average costs per camper at 80% capacity? e) Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points cons for such a policy. f) Draw cash flow diagram for this problem. per $320 per week
2- A privately owned summer camp for youngsters has the following data for a 12-week session: 15 Charge per camper $480 per week Fixed costs $192,000 per session Variable cost per camper $320 per week Сарасity 200 campers (a) Develop the mathematical relationships for total cost and total revenue. (b) What is the total number of campers that will allow the camp to just break even? (c) What is the profit or loss for the 12-week session if the camp operates at 80% capacity? (d) What are marginal and average costs per camper at 80% capacity? (e) Would it be ethical to charge campers different rates depending on their family's socioeconomic status? Identify and describe two points pro and two points con for such a policy. (F) Also Dray a Cost curve g raph thut Plots numor, Visscas of vessas Cost aw Viisus Attendaes Revenue, and 1. Indetify the breenk even Point
Wild-Water Works Water Park provides for a fun day by offering a variety of rides. Wild-Water Works Water Park sells tickets at $70 per person as a one-day entrance fee. Variable costs per person are $26 and a fixed cost amount to $217,700 per month.(Round your answers to two decimal places when needed and use rounded answers for all future calculations).1. Compute the new contribution margin per unit and the contribution margin ratio if Wild-Water Works Water Park increase its variable costs to $30.
2. If other resorts in the area charge $65 per day, what price should Winter Sports charge? Complete the following table to calculate the price Winter Sports should charge. (Round your answer to the nearest cent.) Fixed costs $ 33,750,000 7,500,000 Plus: Total costs Total variable costs Desired profit $ 41,250,000 15,000,000 $ 56,250,000 750,000 75.00 Plus: Target revenue Divided by: Number of skiers / snowboarders Price per lift ticket If other resorts in the area charge $65 per day, what price should Winter Sports charge? The price is be able to charge competing ski resorts in the area. Given Winter Sports reputation, they should a day without affecting their volume.
Wild-Water Works Water Park provides for a fun day by offering a variety of rides. Wild-Water Works Water Park sells tickets at $69 per person as a one-day entrance fee. Variable costs per person are $24 and a fixed cost amount to $236,300 per month. (Round your answers to two decimal places when needed and use rounded answers for all future calculations). 1. Compute the new contribution margin per unit and the contribution margin ratio if Wild-Water Works Water Park cuts it ticket price to $40 per person. Net Sales revenue per unit Contribution margin / Net sales revenue = Contribution margin ratio (%) (Fixed Costs 2. Find the break-even point in units and in dollars using the contribution margin approach. (Reminder to write answer in whole units). + Variable costs per unit = Unit Contribution margin (Fixed Costs + Target Profit) / (Contribution Margin per unit) + + Target Profit) 1 = = 1 / (Contribution Margin ratio %) = = Required Sales in Units Required Sales in Dollars
Imaginationtime Park competes with Cool World by providing a variety of rides. Imaginationtime sells tickets at $60 per person as a one-day entrance fee. Variable costs are $24 per person, and fixed costs are $226,800 per month. Compute the contribution margin per unit and the number of tickets Imaginationtime Park must sell to break even. Perform a numerical proof to show that your answer is correct.Begin by selecting the formula labels and then entering the amounts to compute the contribution margin per unit. - = Contribution margin per unit - = Begin by selecting the formula labels and then entering the amounts to compute the number of tickets Imaginationtime must sell to break even. (Abbrevision used: CM = contribution margin. Complete all input fields. For items with a zero value, enter "0".) ( + ) ÷ = Required sales in units (…
Pet Hotel, Inc. operates three luxury pet boarding facilities and expects the following results for the coming year. {picture} Answer each of the following questions independently. 1. Fixed costs are all allocated and unavoidable. What will happen to profit if Pet Hotel discontinues operations at Pet Spa? 2. Suppose now that $25,000 of the fixed costs shown for Pet Spa is avoidable. What will happen to total profits if Pet Hotel discontinues operations at Pet Spa?
Scholastic Tours is trying to decide which one of two tours It will introduce. The costs and revenues associated with each alternative are listed below: Projected revenue Variable costs Fixed costs Profit Multiple Choice What are the incremental (differential) costs of the Western Tour? $2,000. $3,000. Eastern Tour $16,000 2,000 3,000 $11,000 $6.000. Western Tour $18,000 8,000 3,000 $7,000 None of these choices are correct.
Which of the following is an example of a mixed cost behavior? a. A rental van charges $50 / day for the first 100 miles, and $0.42 per mile beyond100 miles.b. A piece of equipment can be leased for a year for a fee of $14,000 regardless ofhow many hours it is operated.c. A vacation home charges $250 per day regardless of the number of occupants.d. A local utility charges $0.14 per kilowatt-hour of energy consumed.
Based on the description below, answer the questions that follow. The manager of a local restaurant spends $8,500 for its monthly fixed cost. Its variable cost is $9 per customer. Determine the amount of its Contribution Margin (CM) to generate the EBT of $6,500. (Do not put "$" or "," in your answer. Put only the number. For example put 10000 for $10,000. FYI, the Canvas will put "" automatically by itself. If necessary, round your answer to the nearest dollar.
A publishing company is planning on developing an SPSS Manual for graduatestudents in doctoral programs. The book will cost $16 to produce and will sell for$24; fixed costs will be $160,000. The company estimates that sales will beapproximately 60,000.a) What is the company’s breakeven point?b) Find the estimated profit.
The manager of an e-learning company identified a new course that they could create and sell for $100 per student. The costs for adding this new course to their product offering would be: $2,100 per month to lease additional space, $290 per month for insurance, $4,900 per month for support staff, $3,600 per month for sales staff, and variable costs of $4 per student. They can sell to a maximum of 750 students per month. a. For the company to break even per month, how many students would have to purchase the course? 0 Round up to the next whole number b. If they made a profit of $34,650 last month, how many students purchased the course?