Required Information[The following information applies to the questions displayed below.]Camp Rainbow offers overnight summer camp programs for children ages 10 to 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 duringthe 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 assembletoys 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 canaccommodate up to 10 children, and one camp counselor is assigned to each cabin. Three camp managers are on-siteregardless of the number of campers enrolled.Following is the cost Information for Camp Rainbow's operations last summer:Week41234SG7O56InterceptX Variable 1Number of Cost to RunCampCamper's90118156174188Required 1170156Coefficients1868.8560.79Suppose 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 camperpays $175 to attend the camp for a week.2. Using the results of the least-squares regression analysis, prepare a contribution margin income statement for week 9 assumingRainbow expects to have 170 campers that week.3. Should Rainbow add a ninth week to its schedule?$ 8,9508,46010,90011,10013,68514,30012,32511,270Complete this question by entering your answers in the tabs below.Unit contribution marginContribution margin ratioRequired 2 Required 3Answer is not complete.Using the results of the least-squares regression analysis, determine Rainbow's contribution margin per camper if each camperpays $175 to attend the camp for a week.Note: Do not round your intermediate calculations. Round your unit contribution margin and contribution margin ratio to twodecimal places (i.e.,,1234 = 12.34%.).S 114.27 per camper65.29%Show less

The contribution margin is calculated as sales less all the variable cost.Whereas, Profit/net…

Required Information [The following Information applies to the questions displayed below.] Camp Rainbow offers overnight summer camp programs for children ages 10 to 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. Week Number of Cost to Run Camp Intercept X Variable 1 Campers 90 118 156 174 188 184 170 156 $ 8,050 8,460 10,900 Coefficients 1868.85 60.79 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 camper pays $175 to attend the camp for a week. 11,100 13,685 14,300 12,325 11,270 2. 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. 3. Should Rainbow add a ninth week to its schedule? Unit contribution margin Contribution margin ratio Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Answer is not complete. 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. Note: Do not round your intermediate calculations. Round your unit contribution margin and contribution margin ratio to two decimal places (i.e., .1234 = 12.34%.). $ 114.27 per camper 65.29% Show less A

Required Information [The following Information applies to the questions displayed below.] Camp Rainbow offers overnight summer camp programs for children ages 10 to 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. Week Number of Cost to Run Camp Intercept X Variable 1 Campers 90 118 156 174 188 184 170 156 $ 8,050 8,460 10,900 Coefficients 1868.85 60.79 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 camper pays $175 to attend the camp for a week. 11,100 13,685 14,300 12,325 11,270 2. 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. 3. Should Rainbow add a ninth week to its schedule? Unit contribution margin Contribution margin ratio Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Answer is not complete. 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. Note: Do not round your intermediate calculations. Round your unit contribution margin and contribution margin ratio to two decimal places (i.e., .1234 = 12.34%.). $ 114.27 per camper 65.29% Show less A

CONCEPTS IN FED.TAX.,2020-W/ACCESS

20th Edition

ISBN:9780357110362

Author:Murphy

Publisher:Murphy

Chapter6: Business Expenses

Section: Chapter Questions

Problem 39P

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