FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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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
41234SG7O
5
6
Intercept
X Variable 1
Number of Cost to Run
Camp
Camper's
90
118
156
174
188
Required 1
170
156
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.
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?
$ 8,950
8,460
10,900
11,100
13,685
14,300
12,325
11,270
Complete this question by entering your answers in the tabs below.
Unit contribution margin
Contribution margin ratio
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%.).
S 114.27 per camper
65.29
%
Show less
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Transcribed Image Text: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 41234SG7O 5 6 Intercept X Variable 1 Number of Cost to Run Camp Camper's 90 118 156 174 188 Required 1 170 156 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. 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? $ 8,950 8,460 10,900 11,100 13,685 14,300 12,325 11,270 Complete this question by entering your answers in the tabs below. Unit contribution margin Contribution margin ratio 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%.). S 114.27 per camper 65.29 % Show less
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